Hungarian Statistical Review 2012. Special [antikvár]

The currently used Hungárián currency (Forint) was introduced after the war in 1946. The paper presents the long-term developments of post-war inflation in Hungary. After the first hectic years, the markét economy was replaced by the centralized socialist" economy: the prices, parallel to a wage reform, were stabilized by 1952. The consumer markét was alsó settled somehow at a very low level. Until 1968, due to strict central planning, consumer prices remained practically unchanged. After that the economic policy changed, the strict price control relaxed and the CPI slowly started to increase. The average price level in 1989 was 17 percent higher than in 1952. After 1990 the transition from the command to the markét economy resulted in high inflation and a temporary decrease of the GDP, the real wages and the consumption. Keywords: Inflation. Economic development. Price changes.