Harmonized Index of Consumer Prices: Tools and Equipment for House and Garden for Hungary
CP0550HUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
151.32
Year-over-Year Change
3.95%
Date Range
12/1/2000 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Tools and Equipment for House and Garden in Hungary measures the changes in the prices of these household items over time. This metric is a key economic indicator used to track inflation and consumer spending patterns.
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 Tools and Equipment for House and Garden index specifically tracks the prices of items like hand tools, power tools, lawnmowers, and other household and gardening equipment.
Methodology
The data is collected through surveys of consumer prices and calculated using a weighted average formula.
Historical Context
This HICP subindex is used by policymakers and economists to analyze consumer behavior and inflationary pressures.
Key Facts
- The HICP is harmonized across EU countries for comparability.
- Household tools and equipment account for about 0.4% of the total Hungarian consumer basket.
- Prices for these items have risen by an average of 2.5% annually in Hungary over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Tools and Equipment for House and Garden in Hungary tracks the changes in prices for these household items over time.
Q: Why is this trend relevant for users or analysts?
A: This HICP subindex is an important indicator of consumer spending patterns and inflationary pressures on household budgets in Hungary.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys and calculated using a weighted average formula.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this HICP subindex to analyze consumer behavior and inflationary trends that can inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Tools and Equipment for House and Garden for Hungary (CP0550HUM086NEST), retrieved from FRED.