FX.co ★ Hungary’s Inflation Cools to 2.1% in January, Moving Closer to Central Bank Target

Hungary’s consumer price inflation eased sharply at the start of 2026, with the year-over-year CPI slowing to 2.1% in January, down from 3.3% recorded in December 2025. The latest data, updated on 12 February 2026, show that price pressures continued to moderate when compared with the same month a year earlier.

The figures are based on a year-over-year comparison, meaning January’s 2.1% reading reflects how consumer prices in January 2026 changed relative to January 2025. Similarly, December’s 3.3% rate measured the change in prices versus December 2024. The continued deceleration suggests that inflationary pressures are easing, potentially giving policymakers more room to maneuver on interest rates and other economic measures going forward.