Hungary: Low inflation complicates rate path – ING

ING economists Peter Virovacz and Zoltán Homolya note that Hungarian inflation fell to 1.4% year-on-year in February 2026, below consensus and their own optimistic forecast. Core inflation dropped to 2.1%, but rising energy costs, fuel prices and a weaker Forint threaten this benign picture.

Hungary: Low inflation complicates rate path – ING
ING economists Peter Virovacz and Zoltán Homolya note that Hungarian inflation fell to 1.4% year-on-year in February 2026, below consensus and their own optimistic forecast. Core inflation dropped to 2.1%, but rising energy costs, fuel prices and a weaker Forint threaten this benign picture.

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