Harmonized Index of Consumer Prices: Glassware, Tableware and Household Utensils for Hungary
CP0540HUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.37
Year-over-Year Change
2.92%
Date Range
12/1/2000 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Glassware, Tableware and Household Utensils measures price changes for these household items in Hungary. It is a key economic indicator used to track inflation and consumer spending.
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 standardized measure of consumer price inflation across European Union countries. The Glassware, Tableware and Household Utensils index specifically tracks prices for these durable household goods, providing insight into consumer behavior and broader economic conditions.
Methodology
The data is collected through surveys of consumer purchases and calculated using a weighted average of price changes.
Historical Context
Policymakers and analysts monitor this HICP index to assess inflationary pressures and make informed decisions about monetary and fiscal policies.
Key Facts
- The HICP is a key economic indicator used across the European Union.
- Glassware, Tableware and Household Utensils account for a significant portion of household budgets.
- Monitoring this index helps policymakers understand inflationary trends and consumer behavior.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Glassware, Tableware and Household Utensils measures the changes in prices for these household items in Hungary.
Q: Why is this trend relevant for users or analysts?
A: This HICP index provides valuable insights into consumer spending and inflationary pressures, which are crucial for policymakers and analysts to monitor.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and calculated using a weighted average of price changes.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP index to assess inflationary conditions and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The HICP data is typically published on a monthly basis, but there may be occasional delays or revisions due to the complexities of data collection and harmonization across European countries.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Glassware, Tableware and Household Utensils for Hungary (CP0540HUM086NEST), retrieved from FRED.