Harmonized Index of Consumer Prices: Furnishings, Household Equipment and Routine Household Maintenance for Hungary
CP0500HUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
152.64
Year-over-Year Change
1.98%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Furnishings, Household Equipment and Routine Household Maintenance measures changes in the prices of household goods and services in Hungary. This index is a key indicator of consumer inflation and an important metric for policymakers.
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 HICP is a harmonized statistical measure of consumer price inflation developed by the European Union. The Furnishings, Household Equipment and Routine Household Maintenance index tracks the prices of a basket of household-related goods and services, providing insights into this component of overall consumer spending.
Methodology
The data is collected through surveys of consumer prices by the Hungarian Central Statistical Office.
Historical Context
Trends in the HICP Furnishings index are closely monitored by the European Central Bank and other economic institutions.
Key Facts
- The HICP is a standardized measure of consumer inflation used across the European Union.
- Household furnishings and equipment account for about 6% of the total HICP basket in Hungary.
- Hungary joined the European Union in 2004 and began reporting HICP data that year.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Furnishings, Household Equipment and Routine Household Maintenance tracks the prices of household goods and services in Hungary.
Q: Why is this trend relevant for users or analysts?
A: This HICP index provides important insights into a key component of consumer spending and overall inflation, which is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys conducted by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: Trends in the HICP Furnishings index are closely watched by the European Central Bank and other institutions to assess consumer inflation pressures.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with minimal delay, providing timely insights into household spending patterns.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Furnishings, Household Equipment and Routine Household Maintenance for Hungary (CP0500HUM086NEST), retrieved from FRED.