Consumer Price Index: All Items: Total for Hungary
CPALTT01HUM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.80
Year-over-Year Change
0.00%
Date Range
2/1/1980 - 3/1/2024
Summary
The Consumer Price Index (CPI) for All Items: Total in Hungary measures the average change in prices paid by consumers for a basket of goods and services. It is a key indicator of inflation and helps guide economic policymaking.
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 in Hungary is a comprehensive measure of the general price level, tracking changes in the cost of a fixed basket of consumer goods and services. It is widely used by economists, analysts, and policymakers to assess and monitor the country's inflationary pressures and cost of living.
Methodology
The Hungarian Central Statistical Office collects price data from a sample of retail establishments and service providers to calculate the CPI.
Historical Context
The CPI is a crucial input for the Magyar Nemzeti Bank in setting monetary policy and managing inflation.
Key Facts
- Hungary's CPI is published monthly by the Central Statistical Office.
- The CPI basket includes over 1,000 goods and services representative of Hungarian household consumption.
- CPI is a base-weighted index, with the base year updated periodically to reflect changes in consumption patterns.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for All Items: Total in Hungary measures the average change in prices paid by consumers for a 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 cost of living, and is widely used by economists, policymakers, and the public to assess and monitor the country's inflationary pressures.
Q: How is this data collected or calculated?
A: The Hungarian Central Statistical Office collects price data from a sample of retail establishments and service providers to calculate the CPI.
Q: How is this trend used in economic policy?
A: The CPI is a crucial input for the Magyar Nemzeti Bank in setting monetary policy and managing inflation in Hungary.
Q: Are there update delays or limitations?
A: The CPI for Hungary is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: Total for Hungary (CPALTT01HUM657N), retrieved from FRED.