Only two EU countries have higher inflation than Hungary

By: Trademagazin Date: 2025. 05. 20. 12:10

The European Inflation Outlook of the Private Banker compared the inflation data for March and April and concluded that despite the decrease in Hungary’s annual inflation rate of 4.2 percent, the country’s ranking in Europe did not improve.

The decrease of 0.5 percentage points compared to March’s 4.7 percent was not enough for Hungary to move up even one place: out of 39 European countries examined, inflation was higher in only seven, and among EU member states, only in Estonia and Romania.

According to the outlook, if inflation had decreased to 3.5-3.6 percent, we could have overtaken seven or eight countries. Analysts considered this realistic, since the margin freeze introduced on certain food products from March 17 had already been in effect for a full month in April. In contrast, the measured data was only enough for 25th place in the EU inflation ranking.

Among the surrounding regional countries, inflation was measured at 3.7 percent in Slovakia, 3.5 percent in Bulgaria, 3.1 percent in Croatia, 2.3 percent in Slovenia, and 1.8 percent in the Czech Republic, according to the European Inflation Outlook of the Private Banker.