Live data

Fidesz vs Tisza: what has changed since the change of government?

The latest figure compared with the value when the new government took office – and, for comparison, how the indicator moved over the same length of time before the change.

This is a short period: the indicators are also strongly driven by the world economy, earlier decisions and seasonal effects, so changes cannot be attributed to the new government alone.

Change of government

FideszTisza

171days in office

Magyar Péter has been prime minister since 9 May 2026.

7indicators improved

10indicators worsened

2unchanged or neutral

EUR/HUF✗ worsened

355.14367.14 HUF

8 May 2026 → 27 Oct 2026

+3.4%since the change of government

Same period before: −7.4%

Inflation✓ improved

2.62.1%

April 2026 → September 2026

−0.5 ppsince the change of government

Same period before: −0.7 pp

Base rate

6.255.50%

25 Feb 2026 → 27 Oct 2026

−0.75 ppsince the change of government

Same period before: −0.25 pp

Unemployment✗ worsened

4.64.7%

April 2026 → August 2026

+0.1 ppsince the change of government

Same period before: +0.1 pp

Food prices✓ improved

−0.9−4.6%

April 2026 → September 2026

−3.7 ppsince the change of government

Same period before: −0.6 pp

10Y yield✓ improved

6.275.69%

April 2026 → September 2026

−0.59 ppsince the change of government

Same period before: −0.62 pp

Debt (monthly)✗ worsened

63.3467.77 trn HUF

April 2026 → September 2026

+7.0%since the change of government

Same period before: +6.3%

Youth unemployment✗ worsened

12.815.4%

April 2026 → August 2026

+2.6 ppsince the change of government

Same period before: −1.2 pp

USD/HUF✗ worsened

301.89329.51 HUF

8 May 2026 → 27 Oct 2026

+9.1%since the change of government

Same period before: −8.9%

Sentiment✓ improved

99.899.9

April 2026 → September 2026

+0.1since the change of government

Same period before: −0.2

Retail sales✓ improved

105.7106.3

April 2026 → August 2026

+0.6%since the change of government

Same period before: +0.8%

Industrial output✓ improved

95.099.1

April 2026 → August 2026

+4.3%since the change of government

Same period before: +0.8%

Energy prices✗ worsened

2.55.2%

April 2026 → September 2026

+2.7 ppsince the change of government

Same period before: +7.4 pp

CHF/HUF✗ worsened

387.93397.67 HUF

8 May 2026 → 27 Oct 2026

+2.5%since the change of government

Same period before: −6.2%

Real exchange rate

114.2116.4

April 2026 → July 2026

+2.0%since the change of government

Same period before: +1.8%

Consumer confidence✓ improved

−15.6−3.4

April 2026 → September 2026

+12.2since the change of government

Same period before: +3.7

Real wages✗ worsened

8.98.6%

April 2026 → August 2026

−0.3 ppsince the change of government

Same period before: −16.5 pp

Petrol✗ worsened

600644 HUF

4 May 2026 → 19 Oct 2026

+7.3%since the change of government

Same period before: +4.7%

Diesel✗ worsened

628709 HUF

4 May 2026 → 19 Oct 2026

+13.0%since the change of government

Same period before: +4.9%

Every government's start

The first 171 days – government by government

Each line is one government: the change from the day it took office, over the same number of days – so the current start can be compared fairly with earlier ones.

Days since taking office

Day 171Tisza: 5/9
1.Bajnai2009−6.9%
2.Medgyessy2002−1.8%
3.Gyurcsány2004+0.4%
4.Orbán II–V2010+1.1%
5.Magyar2026+3.4%
6.Orbán I1998+5.7%
7.Antall1990+5.8%
8.Boross1993+6.0%
9.Horn1994+10.2%

In the first 171 days of the Magyar government the euro rate moved +3.4%; for the forint that ranks 5 of 9 government starts.

Governments compared →

The last 2 years

Before and after the change, charted

The dashed vertical line marks the day of the change. Use the buttons to see longer periods.

Euro to forint exchange rate (EUR/HUF)

forints per euro

367.14 HUF

27 Oct 2026

−5.4%over one year+3.4%since change

FideszTisza

Source: Magyar Nemzeti Bank