Harmonized Index of Consumer Prices: Tobacco for Hungary
CP0220HUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
242.03
Year-over-Year Change
7.80%
Date Range
12/1/2000 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices for Tobacco in Hungary measures the price changes of tobacco products over time. This metric is a key indicator of inflation and consumer spending patterns within the Hungarian economy.
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 Tobacco in Hungary is a subcomponent of the broader HICP index, which tracks the cost of a representative basket of consumer goods and services. The tobacco-specific index offers insight into pricing trends within a critical consumer sector.
Methodology
The data is collected through surveys of retail establishments and compiled by Eurostat, the statistical office of the European Union.
Historical Context
This index helps policymakers and analysts assess inflationary pressures and consumer behavior in Hungary.
Key Facts
- Hungary's HICP Tobacco index has a base year of 2015.
- Tobacco products account for approximately 2.5% of the Hungarian consumer price basket.
- Prices for tobacco have risen faster than the overall HICP in Hungary in recent years.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Tobacco in Hungary measures the price changes over time for tobacco products purchased by Hungarian consumers.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflationary pressures and consumer spending patterns within a key product category in the Hungarian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and compiled by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess inflationary trends and consumer behavior, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The HICP Tobacco index for Hungary is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Tobacco for Hungary (CP0220HUM086NEST), retrieved from FRED.