Harmonized Index of Consumer Prices: All-Items HICP for Hungary
CP0000HUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
174.80
Year-over-Year Change
4.22%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: All-Items HICP for Hungary measures the overall change in consumer prices in Hungary. This key economic indicator is crucial for policymakers and analysts to assess inflation and the cost of living in the country.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Harmonized Index of Consumer Prices (HICP) for Hungary is a comprehensive measure of consumer price inflation. It tracks the prices of a broad basket of goods and services representative of household consumption in the country. The HICP is a standardized index used across the European Union to enable cross-country comparisons.
Methodology
The Hungarian Central Statistical Office collects price data from a sample of retail outlets to calculate the HICP on a monthly basis.
Historical Context
The HICP is a key input for the European Central Bank's monetary policy decisions and Hungary's economic policy.
Key Facts
- Hungary joined the European Union in 2004.
- The HICP is measured on a scale where 2015 = 100.
- Inflation targeting is a key part of Hungary's monetary policy framework.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: All-Items HICP for Hungary measures the overall change in consumer prices in the country.
Q: Why is this trend relevant for users or analysts?
A: The HICP is a crucial indicator for assessing inflation and the cost of living in Hungary, which is vital information for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The Hungarian Central Statistical Office collects price data from a sample of retail outlets to calculate the HICP on a monthly basis.
Q: How is this trend used in economic policy?
A: The HICP is a key input for the European Central Bank's monetary policy decisions and Hungary's own economic policy framework.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a relatively short lag, providing timely information on inflation trends in Hungary.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: All-Items HICP for Hungary (CP0000HUM086NEST), retrieved from FRED.