Portfolioreports, based on data published by Eurostat. Hungary’s 5.2% purchasing power decline is slightly above the 5.1% rate recorded in Poland, and well above the third-highest in Luxembourg (3.3%) . Up until April, Hungary was consistently the second, behind either Poland or the Czech Republic each month. However, this time the inflation rate (an eight year high for Hungary), managed to surge above market expectations of five percent. On a monthly basis, consumer prices went up 0.8 percent, following a 0.7 percent gain in March. In light of the new record high inflation, it is unsurprising that on Monday, Hungary’s central bank announced a possible hike in its base rate in June to tame inflation.