The Czech Republic was the only V4 country with inflation below the EU average.
The Eurozone recorded 2.1% inflation in 2025, with the European Central Bank forecasting 1.9% for 2026, aligning with its long‑term target.
Although Hungarian inflation has eased since the fall of 2025, risks remain due to geopolitical uncertainty, volatile customs conditions, and rising energy prices, partly offset by the fuel‑price freeze in effect until May 1.
The National Bank of Hungary expects inflation to reach its target sustainably only in the second half of 2027, while analysts forecast around 4% inflation for 2026.
By 2027, inflation is projected to fall back within the 2-4% tolerance range, assuming no major external shock.



