The annual inflation rate in Hungary rose to 2.0% in October 2026 from 1.6% in the previous month, marking the highest reading since April. The increase was largely driven by higher prices for alcoholic beverages and tobacco products (3.2% vs 3.3% in September) and consumer durables (1.4% vs 1.2%). Inflation also rose faster for other goods, including fuels (4.1% vs 2.8%) and services (5.2% vs 4.9%). On the other hand, costs declined for food (-1.1% vs -1.3%), clothing items (-0.6% vs -0.4%), and household energy (-4.3% vs -4%). On a monthly basis, consumer prices increased by 0.4% in October, accelerating from a 0.2% gain in September and marking the fastest rise in six months. Meanwhile, the core inflation rate, which excludes volatile items such as food and energy, rose 2.1% annually and 0.3% monthly.