Harmonized Index of Consumer Prices: Medical Products, Appliances and Equipment for Hungary
CP0610HUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144.23
Year-over-Year Change
4.75%
Date Range
12/1/2000 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Medical Products, Appliances and Equipment measures the change in prices for these goods and services in Hungary. It is a key indicator of inflation and consumer purchasing power.
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 inflation across European Union countries, allowing for cross-country comparisons. The Medical Products, Appliances and Equipment component tracks price changes for healthcare-related items and household equipment.
Methodology
The data is collected through surveys of consumer purchases and calculated using a weighted average of price changes.
Historical Context
The HICP is closely monitored by policymakers and analysts to assess economic conditions and guide monetary and fiscal policy decisions.
Key Facts
- The HICP is harmonized across EU countries to ensure consistent measurement of inflation.
- Medical products, appliances and equipment account for approximately 5% of the HICP basket in Hungary.
- Prices for this category have increased by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Medical Products, Appliances and Equipment measures the change in prices for these goods and services in Hungary.
Q: Why is this trend relevant for users or analysts?
A: The HICP is a key indicator of inflation and consumer purchasing power, closely monitored by policymakers and analysts to assess economic conditions and guide policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer purchases and calculated using a weighted average of price changes.
Q: How is this trend used in economic policy?
A: The HICP is used by policymakers and analysts to assess economic conditions and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Medical Products, Appliances and Equipment for Hungary (CP0610HUM086NEST), retrieved from FRED.