04.05.202606:30:00UTC+00Hungary’s Producer Prices Swing Back to Inflation in March, Ending Year-Long Deflation Trend

Hungary’s Producer Price Index (PPI) moved back into positive territory in March 2026, marking a sharp reversal from the deflation recorded a month earlier. Year-over-year, producer prices rose by 1.2% in March, compared with a 3.3% decline in February 2026, according to data updated on 4 May 2026.

The figures are calculated on a year-over-year basis, comparing each month’s price level to the same month a year earlier. February’s reading showed producer prices were 3.3% lower than in February a year before, while March’s data indicate that prices are now 1.2% higher than in March of the previous year.

The turnaround from negative to positive PPI suggests a notable shift in cost dynamics for Hungarian producers, which could later filter through to consumer prices and corporate margins if the trend persists. Investors and policymakers will be watching upcoming releases closely to assess whether March marks the beginning of a sustained producer price uptrend.