07.08.202606:30:00UTC+00Hungary Slips Into Mild Deflation as July CPI Edges Below Zero

Hungary’s consumer prices dipped slightly in July 2026, with month-over-month CPI registering at -0.10%, indicating a move into mild deflation. This follows a flat reading of 0.00% in June 2026, according to data updated on 7 August 2026.

The data show that, on a month-over-month basis, prices in July were marginally lower than in June, whereas June’s CPI had merely held steady compared with May. The shift from zero inflation to a slight decline in prices underscores a softening price environment, as the latest “Actual” figure reflects changes in July relative to June, while the “Previous” measure captured June versus May.

While the decline is modest, the move below zero will likely be closely monitored by market participants and policymakers, as it may signal emerging disinflationary or deflationary pressures within the Hungarian economy if the trend persists in subsequent months.