Consumer Price Index: All Items: Total for Hungary
CPALTT01HUA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.12
Year-over-Year Change
335.76%
Date Range
1/1/1981 - 1/1/2023
Summary
The Consumer Price Index (CPI) for All Items: Total for Hungary measures the changes in the average prices paid by consumers for a basket of goods and services. It is a key indicator of inflation and an important measure of the overall cost of living in the Hungarian economy.
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 CPI for All Items: Total for Hungary is a comprehensive measure that tracks the weighted average price changes for a broad range of consumer goods and services, including food, housing, transportation, and healthcare. It is used by policymakers, economists, and the public to assess inflationary pressures and inform economic decisions.
Methodology
The data is collected by the Hungarian Central Statistical Office through a nationwide survey of consumer prices.
Historical Context
The CPI is widely referenced in discussions of monetary policy, consumer spending, and standards of living in Hungary.
Key Facts
- Hungary's CPI reached a high of 14.5% in June 2022.
- The CPI is calculated based on a basket of over 1,000 goods and services.
- The CPI is a leading indicator of economic performance in Hungary.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for All Items: Total for Hungary measures the changes in the average prices paid by consumers for a broad basket of goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation and the overall cost of living in Hungary, making it essential for policymakers, economists, and the public to assess economic conditions and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected by the Hungarian Central Statistical Office through a nationwide survey of consumer prices.
Q: How is this trend used in economic policy?
A: The CPI is widely referenced in discussions of monetary policy, consumer spending, and standards of living in Hungary, as it provides insights into inflationary pressures and the overall state of the economy.
Q: Are there update delays or limitations?
A: The CPI data is typically published on a monthly basis, with a short delay to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: Total for Hungary (CPALTT01HUA657N), retrieved from FRED.