CEE: average inflation rate 2023

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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Release date

January 2024

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Region

CEE

Survey time period

2011 to 2023

Supplementary notes

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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