Harmonized Index of Consumer Prices: Education for Hungary
CP1000HUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
152.29
Year-over-Year Change
4.88%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices for Education in Hungary measures changes in the prices of educational goods and services over time. This key economic indicator helps analysts and policymakers understand inflation trends and consumer behavior in the education sector.
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) is a standardized measure of inflation across European Union countries. The Education component of the HICP specifically tracks price changes for educational items like tuition, textbooks, and other school-related costs in Hungary.
Methodology
The Hungarian Central Statistical Office collects price data from a sample of educational institutions and vendors to calculate the HICP Education index.
Historical Context
Education spending and costs are closely monitored by government officials and central banks to assess their impact on household budgets and the broader economy.
Key Facts
- Hungary's HICP Education index has increased by 25% over the past decade.
- Education accounts for approximately 3% of the total HICP basket in Hungary.
- Prices for educational goods and services tend to be less volatile than the overall HICP.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Education in Hungary tracks changes in the prices of educational goods and services over time.
Q: Why is this trend relevant for users or analysts?
A: Education costs are an important component of household expenditures, so monitoring HICP Education helps analysts and policymakers understand broader inflation trends and consumer behavior.
Q: How is this data collected or calculated?
A: The Hungarian Central Statistical Office collects price data from a sample of educational institutions and vendors to calculate the HICP Education index.
Q: How is this trend used in economic policy?
A: Education spending and costs are closely monitored by government officials and central banks to assess their impact on household budgets and the broader economy.
Q: Are there update delays or limitations?
A: The HICP Education data for Hungary is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Education for Hungary (CP1000HUM086NEST), retrieved from FRED.