Netherlands and Hungary Report Decline in June Inflation

European inflation trends shifted downward in June 2026 as both the Netherlands and Hungary reported declines in consumer price growth. In the Netherlands, Statistics Netherlands announced that inflation slowed to 2.9% from 3.5% in May. This decrease was largely attributed to a slowdown in motor fuel costs, which rose 17.3% annually compared to a 27.5% surge the previous month, subsequently lowering transport inflation to 6.9%. Additional factors included a 0.5% price drop for food and non-alcoholic beverages and slower growth in restaurant and accommodation prices, though housing and utilities inflation rose slightly to 3.6%.

Similarly, the Hungarian Central Statistical Office reported that inflation in Hungary declined to 1.7% year-on-year in June, the lowest level in four months and slightly below market expectations of 1.8%. The decline was supported by fuel and power costs decreasing by 2.3%, while food inflation softened to 0.2% from 0.5%. Services inflation also eased to 4.0% from 4.3%, and costs for consumer durable goods slowed to 1.9%. Unlike the Netherlands, where monthly prices fell by 0.6%, Hungarian consumer prices remained flat for the second consecutive month.