In 2023, Hungary had the highest annual inflation rate among the Central and Eastern regions at 17 percent. The average inflation rate for the EU countries amounted to 5.4 percent in this period.
Annual average inflation rate in Central and Eastern European countries from 2011 to 2023
Characteristic
EU27*
Euro area**
Bulgaria
Czechia
Estonia
Croatia
Latvia
Lithuania
Hungary
Poland
Romania
Slovenia
Slovakia
2023
6.4%
5.4%
8.6%
12%
9.1%
8.4%
9.1%
8.7%
17%
10.9%
9.7%
7.2%
11%
2022
9.2%
8.4%
13%
14.8%
19.4%
10.7%
17.2%
18.9%
15.3%
13.2%
12%
9.3%
12.1%
2021
2.9%
2.6%
2.8%
3.3%
4.5%
2.7%
3.2%
4.6%
5.2%
5.2%
4.1%
2%
2.8%
2020
0.7%
0.3%
1.2%
3.3%
-0.6%
0%
0.1%
1.1%
3.4%
3.7%
2.3%
-0.3%
2%
2019
1.4%
1.2%
2.5%
2.6%
2.3%
0.8%
2.7%
2.2%
3.4%
2.1%
3.9%
1.7%
2.8%
2018
1.8%
1.8%
2.6%
2%
3.4%
1.6%
2.6%
2.5%
2.9%
1.2%
4.1%
1.9%
2.5%
2017
1.6%
1.5%
1.2%
2.4%
3.7%
1.3%
2.9%
3.7%
2.4%
1.6%
1.1%
1.6%
1.4%
2016
0.2%
0.2%
-1.3%
0.6%
0.8%
-0.6%
0.1%
0.7%
0.4%
-0.2%
-1.1%
-0.2%
-0.5%
2015
0.1%
0.2%
-1.1%
0.3%
0.1%
-0.3%
0.2%
-0.7%
0.1%
-0.7%
-0.4%
-0.8%
-0.3%
2014
0.4%
0.4%
-1.6%
0.4%
0.5%
0.2%
0.7%
0.2%
0%
0.1%
1.4%
0.4%
-0.1%
2013
1.3%
1.4%
0.4%
1.4%
3.2%
2.3%
0%
1.2%
1.7%
0.8%
3.2%
1.9%
1.5%
2012
2.6%
2.5%
2.4%
3.5%
4.2%
3.4%
2.3%
3.2%
5.7%
3.7%
3.4%
2.8%
3.7%
2011
2.9%
2.7%
3.4%
2.2%
5.1%
2.2%
4.2%
4.1%
3.9%
3.9%
5.8%
2.1%
4.1%
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Annual change in total HICP
*EU28 from 2013 to 2020, EU27 from 2020
** Eruo area - 20 countries from 2023
Harmonised Indices of Consumer Prices (HICPs) are designed for international comparisons of consumer price inflation. HICP is used for example by the European Central Bank for monitoring of inflation in the Economic and Monetary Union and for the assessment of inflation convergence as required under Article 121 of the Treaty of Amsterdam.
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Eurostat. (January 17, 2024). Annual average inflation rate in Central and Eastern European countries from 2011 to 2023 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1230028/cee-average-inflation-rate/
Eurostat. "Annual average inflation rate in Central and Eastern European countries from 2011 to 2023." Chart. January 17, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1230028/cee-average-inflation-rate/
Eurostat. (2024). Annual average inflation rate in Central and Eastern European countries from 2011 to 2023. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1230028/cee-average-inflation-rate/
Eurostat. "Annual Average Inflation Rate in Central and Eastern European Countries from 2011 to 2023." Statista, Statista Inc., 17 Jan 2024, https://www.statista.com/statistics/1230028/cee-average-inflation-rate/
Eurostat, Annual average inflation rate in Central and Eastern European countries from 2011 to 2023 Statista, https://www.statista.com/statistics/1230028/cee-average-inflation-rate/ (last visited July 22, 2024)
Annual average inflation rate in Central and Eastern European countries from 2011 to 2023 [Graph], Eurostat, January 17, 2024. [Online]. Available: https://www.statista.com/statistics/1230028/cee-average-inflation-rate/
