Change in consumer prices in the European Union, November 2025
Released: 5 January 2026
Harmonised index of consumer prices (HICP)
According to the harmonised index of consumer prices, ensuring the comparability of inflation in EU member countries, consumer prices were 2.4% higher on average in the European Union in November 2025 than in the same period of the previous year. Within the EU, inflation was highest in Romania (8.6%). Hungary (together with Bulgaria) was the seventh in the order of the member states, with an average consumer price rise of 3.7%. Among Visegrád countries, there was a price increase of 3.9% in Slovakia, of 2.6% in Poland and of 1.8% in Czechia. The lowest inflation (of 0.1% and 0.8%, respectively) was measured for Cyprus and France.
Compared to the previous month, consumer prices lessened by 0.2% in the EU as a whole and were unchanged in total in Hungary. Out of the other three Visegrád countries, the price level went down (by 0.4%) in Czechia and augmented (by 0.1% and 0.3%, respectively) in Poland and Slovakia over one month.
National consumer price index (CPI)
According to national consumer price indices, too, published on the website of national statistical offices – and suitable for international comparisons only to a limited extent –, consumer prices rose the most (by 9.8%) in Romania in November 2025 compared to a year earlier. In Hungary, inflation was 3.8% according to this methodology.
In Hungary, food cost 3.2% more on average for consumers than in November 2024. The highest price increases of 15–16% were recorded for other confectionery products, beef and coffee. The price of meals at restaurants and canteens also grew at a rate exceeding the average considerably, by 9.0%, and food inflation was 0.6% excluding food and beverage serving services. Among others, margarine, flour, milk, milk products, pork as well as sugar became cheaper within the product group. The consumer price of electricity, gas and other fuels rose by 9.8%, within which 22% more was to be paid for natural and manufactured gas and 2.1% more for electricity than in the same month of the previous year. Motor fuels cost 5.0% less, while alcoholic beverages and tobacco and consumer durables 7.5% and 2.9% more, respectively, for consumers. Service charges were 6.5% higher in total than a year earlier, within which the prices of theatre tickets and recreation abroad went up the most (by 20% each).
The National Bank of Hungary forecast inflation of 4.4% for 2025 and of 3.2% for 2026 in its Inflation Report in December. The rate of consumer price rise in the European Union may be 2.5% in 2025 as a whole and 2.1% in 2026 according to the expectations of the European Commission.
Table 1
Changes in consumer prices in member states of the European Union, November 2025
Countries
CPI
HICP
compared with same month of previous year, %
compared with previous month, %
EU average
..
2.4
–0.2
Euro area
..
2.1
–0.3
Belgium
2.4
2.6
0.3
Bulgaria
5.2
3.7
0.2
Czechia
2.1
1.8
–0.4
Denmark
2.1
2.0
–0.5
Germany
2.3
2.6
–0.5
Estonia
4.9
4.7
–0.5
Ireland
3.2
3.1
–0.2
Greece
2.4
2.8
–0.1
Spain
3.0
3.2
0.0
France
0.9
0.8
–0.2
Croatia
3.8
4.3
0.3
Italy
1.1
1.1
–0.2
Cyprus
–0.5
0.1
–1.1
Latvia
3.8
3.8
–0.3
Lithuania
3.8
3.6
0.4
Luxembourg
3.0
3.6
0.1
Hungary
3.8
3.7
0.0
Malta
..
2.5
–3.2
Netherlands
2.9
2.6
–1.4
Austria
4.0
4.0
0.2
Poland
2.5
2.6
0.1
Portugal
2.2
2.1
–0.8
Romania
9.8
8.6
0.5
Slovenia
2.3
2.4
0.0
Slovakia
3.7
3.9
0.3
Finland
–0.1
1.5
–0.1
Sweden
0.3
2.2
–0.3
Source: Euro indicators - Inflation, November 2025 and websites of the national statistical offices of the member states.
Download date: 19 December 2025.
Figure 1
Figure 2
Figure 3
Released: 5 January 2026
Harmonised index of consumer prices (HICP)
According to the harmonised index of consumer prices, ensuring the comparability of inflation in EU member countries, consumer prices were 2.4% higher on average in the European Union in November 2025 than in the same period of the previous year. Within the EU, inflation was highest in Romania (8.6%). Hungary (together with Bulgaria) was the seventh in the order of the member states, with an average consumer price rise of 3.7%. Among Visegrád countries, there was a price increase of 3.9% in Slovakia, of 2.6% in Poland and of 1.8% in Czechia. The lowest inflation (of 0.1% and 0.8%, respectively) was measured for Cyprus and France.
Compared to the previous month, consumer prices lessened by 0.2% in the EU as a whole and were unchanged in total in Hungary. Out of the other three Visegrád countries, the price level went down (by 0.4%) in Czechia and augmented (by 0.1% and 0.3%, respectively) in Poland and Slovakia over one month.
National consumer price index (CPI)
According to national consumer price indices, too, published on the website of national statistical offices – and suitable for international comparisons only to a limited extent –, consumer prices rose the most (by 9.8%) in Romania in November 2025 compared to a year earlier. In Hungary, inflation was 3.8% according to this methodology.
In Hungary, food cost 3.2% more on average for consumers than in November 2024. The highest price increases of 15–16% were recorded for other confectionery products, beef and coffee. The price of meals at restaurants and canteens also grew at a rate exceeding the average considerably, by 9.0%, and food inflation was 0.6% excluding food and beverage serving services. Among others, margarine, flour, milk, milk products, pork as well as sugar became cheaper within the product group. The consumer price of electricity, gas and other fuels rose by 9.8%, within which 22% more was to be paid for natural and manufactured gas and 2.1% more for electricity than in the same month of the previous year. Motor fuels cost 5.0% less, while alcoholic beverages and tobacco and consumer durables 7.5% and 2.9% more, respectively, for consumers. Service charges were 6.5% higher in total than a year earlier, within which the prices of theatre tickets and recreation abroad went up the most (by 20% each).
The National Bank of Hungary forecast inflation of 4.4% for 2025 and of 3.2% for 2026 in its Inflation Report in December. The rate of consumer price rise in the European Union may be 2.5% in 2025 as a whole and 2.1% in 2026 according to the expectations of the European Commission.
Changes in consumer prices in member states of the European Union, November 2025
| Countries | CPI | HICP | |
|---|---|---|---|
| compared with same month of previous year, % | compared with previous month, % | ||
| EU average | .. | 2.4 | –0.2 |
| Euro area | .. | 2.1 | –0.3 |
| Belgium | 2.4 | 2.6 | 0.3 |
| Bulgaria | 5.2 | 3.7 | 0.2 |
| Czechia | 2.1 | 1.8 | –0.4 |
| Denmark | 2.1 | 2.0 | –0.5 |
| Germany | 2.3 | 2.6 | –0.5 |
| Estonia | 4.9 | 4.7 | –0.5 |
| Ireland | 3.2 | 3.1 | –0.2 |
| Greece | 2.4 | 2.8 | –0.1 |
| Spain | 3.0 | 3.2 | 0.0 |
| France | 0.9 | 0.8 | –0.2 |
| Croatia | 3.8 | 4.3 | 0.3 |
| Italy | 1.1 | 1.1 | –0.2 |
| Cyprus | –0.5 | 0.1 | –1.1 |
| Latvia | 3.8 | 3.8 | –0.3 |
| Lithuania | 3.8 | 3.6 | 0.4 |
| Luxembourg | 3.0 | 3.6 | 0.1 |
| Hungary | 3.8 | 3.7 | 0.0 |
| Malta | .. | 2.5 | –3.2 |
| Netherlands | 2.9 | 2.6 | –1.4 |
| Austria | 4.0 | 4.0 | 0.2 |
| Poland | 2.5 | 2.6 | 0.1 |
| Portugal | 2.2 | 2.1 | –0.8 |
| Romania | 9.8 | 8.6 | 0.5 |
| Slovenia | 2.3 | 2.4 | 0.0 |
| Slovakia | 3.7 | 3.9 | 0.3 |
| Finland | –0.1 | 1.5 | –0.1 |
| Sweden | 0.3 | 2.2 | –0.3 |
Source: Euro indicators - Inflation, November 2025 and websites of the national statistical offices of the member states.
Download date: 19 December 2025.