Experts Club Information and Analysis Center has analyzed the inflation rate in Hungary and its trends in Hungary in recent years. Inflation in Hungary in 2025 continues to decline after record highs in 2022-2023. As of March 2025, annual inflation stood at 4.7%, down from 5.6% in February.
The main drivers of inflation
The decline in inflation is due to stabilizing food and energy prices. However, rising rental prices and services continue to put pressure on the overall price level
Government and central bank measures
The central bank of Hungary maintains the key interest rate at 6.5% to contain inflationary pressures. The government is taking steps to control prices in key sectors of the economy.
Outlook
Experts expect inflation to continue to decline to around 3.5% in 2026, approaching the central bank’s targets
Year Inflation (%)
2000 9,79
2001 9,15
2002 5,26
2003 4,66
2004 6,75
2005 3,56
2006 3,90
2007 7,95
2008 6,06
2009 4,20
2010 4,87
2011 3,93
2012 5,66
2013 1,71
2014 – 0,23
2015 -0,07
2016 0,40
2017 2,35
2018 2,84
2019 3,37
2020 3,33
2021 5,11
2022 14,61
2023 17,13
2024 3,8
2025 4.7 (March)
An outbreak of foot-and-mouth disease has been reported in Hungary, which has led to emergency measures in a number of countries. The authorities of the UK, Russia and Ukraine have already announced restrictions on imports of animals and animal products from Hungary to prevent the spread of the dangerous virus.
Today, Ukraine has imposed a ban on the import of animals susceptible to the foot-and-mouth disease virus, as well as raw materials and animal products from such animals. The State Service of Ukraine for Food Safety and Consumer Protection (SSUFSCP) explained that the measures were taken to avoid the introduction of the virus into the country. According to the agency, the source of infection can be not only infected animals, but also those in the incubation period. In addition, the virus is transmitted through products obtained from infected animals.
The competent authorities in each country continue to monitor the epizootic situation and are ready to introduce additional measures if necessary.
Foot-and-mouth disease is a highly contagious viral disease that affects farm animals such as cattle, pigs, sheep and goats. It is characterized by the appearance of ulcers and blisters in the mouth, hooves and udders of animals, accompanied by fever and a sharp decline in productivity.
The disease is spread by airborne droplets, through feed, water, clothing and equipment, and can also be transmitted through animal products. Although foot-and-mouth disease is rarely transmitted to humans, it causes significant damage to agriculture, leading to massive livestock losses, strict quarantine measures, and serious economic losses. Due to the high contagiousness of the disease, international veterinary services closely monitor outbreaks and take strict measures to prevent its spread.
Hungarian Foreign Minister Peter Szijjarto and Serbian Energy Minister Dubravka Jedovic-Handanovic agreed on Wednesday to intensify investment policy in the energy security sector and speed up the construction of the first oil pipeline between the two countries, the Hungarian foreign minister said.
“We have agreed to expand joint investments in energy and energy security, including the construction of the first interconnecting oil pipeline,” Szijjarto wrote on Facebook (Meta Platforms Inc.).
In addition, Sijarto and Jedovic-Handanovic agreed to step up funding for “a new power line connecting the networks of the two countries.”
“For our country, Serbia is a strategic partner, without Serbia there will be no energy security for Hungary, and vice versa,” the Hungarian Foreign Minister added.
As reported, the construction of the oil pipeline between Hungary and Serbia is expected to be completed by 2026. The new branch will be connected to the Druzhba pipeline and will allow Serbia to diversify its oil supplies and not depend on Croatia.
For the next two weeks, the traffic of cars and trucks leaving Ukraine will be partially restricted at the Chop-Záhony checkpoint on the Ukrainian-Hungarian border.
Due to the repair of the road surface in the customs control zone of the checkpoint, vehicles will be able to use only two lanes out of five available. Accordingly, this will affect their clearance and passage across the border. The repair work is being carried out as part of the Customs and Border Infrastructure Modernization Project with the support of the United States Agency for International Development (USAID).
Ukraine and Hungary have agreed to open the Velyka Palad-Nagyhodos checkpoint for passenger vehicles, the press service of the Ministry of Community Development, Territorial and Infrastructure Development (MinRestore) reported on Monday.
In addition, the countries agreed to allow the movement of empty trucks weighing more than 7.5 tons at the Luzhanka-Beregsurany checkpoint.
The relevant amendments to the Agreement between the governments of the countries on border traffic control were signed by the Deputy Prime Minister for the Reconstruction of Ukraine – Minister of Community Development, Territories and Infrastructure Oleksandr Kubrakov and the Ambassador of Hungary to Ukraine Heizer Antala.
It is specified that the agreements reached with Hungary require ratification to come into force.
“The signed amendments to the Agreement with Hungary allow us to start planning design and infrastructure works to launch the new Velyka Palad-Nagyhodos checkpoint and ensure the movement of empty trucks at Luzhanka,” Kubrakov said.
According to him, the possibility of building a new cargo checkpoint “Dyida-Berehdaroc” is also being considered to increase the capacity of the Ukrainian-Hungarian border.
Kubrakov also noted that Ukraine is working to start negotiations on the introduction of joint customs and border control with Hungary.
“This will allow us to speed up control procedures and reduce the time for crossing the border,” emphasized Kubrakov.
There are 5 automobile checkpoints on the border with Hungary. Only the Chop-Záhony checkpoint can handle trucks weighing more than 7.5 tons. Both loaded and empty vehicles go there. Every day, about 220 trucks cross the Chop-Zahony border crossing to leave Ukraine.
The Hungarian government has removed cane and beet sugar from the list of banned Ukrainian products for import after September 15, 2023, Agroinform.hu reported.
According to the report, the Hungarian government’s resolution on measures related to the transportation of certain agricultural products from Ukraine, which restricted the import of 24 Ukrainian agricultural products after September 15, removed the line referring to cane and beet sugar, as well as hard sucrose.
The decision came into force on October 10.
As reported, the European Commission announced on September 15 that it would not extend restrictions on imports of agricultural products from Ukraine to five neighboring EU countries (Poland, Bulgaria, Hungary, Romania and Slovakia) with some conditions to avoid a new surge in supplies.
The restrictions were imposed on May 2, 2023 and concerned imports of wheat, rapeseed, sunflower and corn. These five Eastern European member states argued that Ukrainian agricultural products, when imported duty-free into the EU, were settling with them and harming the local agribusiness sector.
After the restrictions were lifted, Poland, Hungary and Slovakia introduced unilateral bans. Poland expanded the list of products banned for import with rapeseed cake and meal, as well as corn bran, wheat flour and derivatives. Hungary brought the list to 24 commodity items.
Ukraine has filed a lawsuit with the WTO, accusing Poland, Hungary and Slovakia of discriminating against its agro-products.
Ukraine is currently negotiating the introduction of a licensing mechanism for exports of Ukrainian agro-commodities with mandatory verification in each of the five countries.
