Review how inflation experienced by consumers compares with changes in prices across Hungary's total domestic production.
Hungary’s two primary inflation measures produced different results in 2024. Annual consumer inflation reached 3.7%, compared with 7.6% for economy-wide inflation measured by the GDP deflator. Consumer inflation was below GDP deflator inflation by 3.9 percentage points.
Consumer prices increased by +52.8% over five years, while the GDP deflator changed by +59.1%. Using comparable data for 2024, Hungary recorded the 76th-highest consumer inflation rate and the 47th-highest GDP deflator inflation rate.
Hungary Inflation Measures Compared by Year
Data source: World Bank, World Development Indicators — Inflation, consumer prices, annual % (FP.CPI.TOTL.ZG); Inflation, GDP deflator, annual % (NY.GDP.DEFL.KD.ZG); Consumer Price Index (2010 = 100) (FP.CPI.TOTL); GDP deflator (NY.GDP.DEFL.ZS).
License: CC BY-4.0. Retrieved 2026-07-12.
About the Indicators
Inflation, consumer prices, annual %. The year-on-year percentage change in the Consumer Price Index, the standard measure of how quickly the cost of living is rising or falling for the average household.
Inflation, GDP deflator, annual %. The annual growth rate of the GDP deflator, capturing economy-wide inflation across all domestically produced goods and services rather than just consumer purchases.
Consumer Price Index (2010 = 100). Measures the change over time in the prices of a fixed basket of goods and services typically purchased by households, expressed as an index with the year 2010 set to 100. Compiled by national statistical agencies from regular retail price surveys.
GDP deflator. The ratio of GDP in current local-currency prices to GDP in constant local-currency prices, expressed as an index. Unlike the CPI, it covers price changes across everything produced domestically, not just goods and services bought by households.