what to expect.
Economic forecast
In its inflation report published in June 2026, the Magyar Nemzeti Bank forecast an average annual inflation rate of 2.3 percent for 2027. In the same forecast, the MNB projects inflation of 1.8 percent for 2026 and 3 percent for 2028.
This is particularly important for pensioners because, under Hungarian regulations, the pension increase in January is closely linked to the projected inflation rate for the year in question.
How the January pension increase is determined
According to the Act on Social Security
