The 21-year-old was beaten to 800m gold at the World Championships by Kenya’s Mary Moraa in Budapest, just 13 months after also finishing second in Eugene.
Hodgkinson clocked 1min 56.34secs with defending champion Athing Mu in third.
Hodgkinson had been beaten into silver by Mu at last year’s World Championships before Moraa took victory at the Commonwealth Games ahead of her. Mu had also pipped her to gold at the Tokyo Olympics two years ago.
“I wanted to come here to get gold but it’s another podium and consistency has been the word I’ve been using,” said Hodgkinson. “At one point I’m going to get a gold, it’s just a matter of when.
“I’m happy with my performance, gutted I didn’t come out on top but it’s great to be up there with the top three in the world.
“Mary got the jump on us and you can’t really afford that with those two girls. It was a really good race from us all.
“It keeps me on my toes. I’m trying to keep the streak going where I consistently pick up medals. It’s that tiny one per cent so I’ll keep striving towards it.
“To be consistently up with the best in the world is all I want from my career. I did think I was going to come through on the inside. The line just came quicker than I thought it would.
“I gave it my all, like I always do. I don’t think I put a foot wrong. I do love it. I was really looking forward to it. I was really up for it. I really did believe I was going to win again – you’ve got to believe, that is half the battle.
“It is a different order to last year, who knows what order it will be next year (at the Olympics)?
“It’s an Olympic year – everyone brings even more of their A game than they usually do. There is no stone left unturned. Like I say, we’ll aim for gold again and see what happens.”