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)
Experts Club Information and Analytical Center has analyzed the inflation rate and its trends in Romania in recent years. Inflation in Romania in 2025 continues to show a moderate decline, while remaining above the National Bank’s target level. According to the National Institute of Statistics, in March 2025, annual inflation amounted to 4.86%, down from 5.02% in February.
Main components of inflation in March 2025.
Food products: price increase by 5.10%
Non-food products: increase by 3.84%
Services: up 6.99%
The greatest pressure on the overall price level is exerted by services, especially health care, education and utilities.
Historical inflation dynamics
To understand current trends, let’s look at the inflation rate in Romania in recent years.
2021: 5.05%
2022: 13.80%
2023: 10.40%
2024: 5.60%
These data show a significant increase in inflation in 2022, driven by global economic turmoil, and a gradual decline thereafter.
According to the European Commission’s forecasts, inflation in Romania is expected to continue to decline, reaching 3.4% by the end of 2025. However, risks related to fiscal policy and possible changes in tax legislation remain.
Romania’s central bank is taking a cautious approach, aiming to reduce inflation without damaging economic growth. With upcoming elections and increased public spending, the scope for further interest rate cuts is limited.
In Spain, according to the National Institute of Statistics (INE), annual harmonized inflation in March 2025 fell to 2.2% from 2.9% in February, the lowest rate in the last five months and below the forecast of 2.6%. The decline in inflation was driven by a drop in electricity prices due to increased hydropower production following heavy rainfall, as well as lower prices for fuel and motor oil.
Core inflation, which excludes fresh food and energy prices, also fell to 2.0% year-on-year, reaching its lowest level since November 2021.
Consumer prices in Italy, harmonized with European Union standards, rose by 2.1% year-on-year in March, according to preliminary data from the Istat statistical agency. The rate of increase accelerated from 1.7% in February and became the highest in a year and a half (since September 2023).
Analysts on average had forecast a 1.9% rise this month, according to Trading Economics,
The increase in consumer prices in March compared to the previous month amounted to 1.6% (after an increase of 0.1% in February).
Consumer prices in Italy, calculated according to local standards, increased by 2% yoy (also the highest in a year and a half) after rising by 1.6% in February.
Energy prices went up by 1.3%, tobacco products by 4.6%, food by 3.3%, and communication services by 0.8%.
Core inflation (excluding volatile energy and food prices) amounted to 1.7% in annual terms this month.
http://relocation.com.ua/v-italii-v-berezni-pryskorylasia-inflia/
Consumer prices in the euro area increased by 2.4% year-on-year in December, according to the latest data from the European Union’s statistical office. Thus, inflation accelerated from November’s 2.2% to its highest level since July. The final data coincided with both the preliminary estimate and analysts’ expectations.
Inflation in the service sector accelerated to 4% last month from 3.9% in November, while the rise in prices for food, alcohol, and tobacco products slowed to 2.6% from 2.7%. Industrial products went up by 0.5% (0.6%), and energy prices by 0.1% (down 2% in November).
The lowest inflation among the eurozone countries was recorded in Ireland (1%) and Italy (1.4%), and the highest in Croatia (4.5%).
In December, the growth in consumer prices excluding food and energy (CPI Core) amounted to 2.7% in annual terms, the same as in the previous month.
Consumer prices in the euro area in December rose by 0.4% compared to the previous month. In November, the figure fell by 0.3%.
Source: http://relocation.com.ua/infliatsiia-v-yevrozoni-v-hrudni-pryskory/
Inflation in Ukraine, which fell to 5.1% in 2023 after jumping to 26.6% a year earlier, rose to 12.0% in 2024, the State Statistics Service (Ukrstat) reported on Friday.
According to its data, consumer price growth in the country in December 2024 slowed to 1.4% from 1.9% in November, 1.8% in October and 1.5% in September.
The statistics agency recalled that in December 2023, consumer prices rose by 0.7%, so in annual terms, inflation in December 2024 increased to 12% from 11.2% in November, 9.7% in October, and 8.6% in September.
It is indicated that in December 2024, core inflation rose to 1.3% from 1.2% in November, returning to the level of October. Taking into account that in December 2023 it was zero, in annual terms, core inflation in 2024 rose to 10.7% from 4.9% in 2023, while in 2022 it was 22.6%.
At the end of October, the National Bank of Ukraine downgraded its inflation forecast for 2024 from 8.5% to 9.7%, and for 2025 from 6.6% to 6.9%.
The Ministry of Economy of Ukraine forecasted inflation at 9.5% in 2024 and expects it to be at the same level in 2025.
