Consumer Price Index: All Items: Total for Hungary
CPALTT01HUQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.18
Year-over-Year Change
-32.85%
Date Range
4/1/1980 - 1/1/2024
Summary
The Consumer Price Index (CPI) for All Items: Total in Hungary measures the change in prices paid by consumers for a basket of goods and services. It is a key indicator of inflation and an important metric for policymakers and economists.
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 average change in prices paid by Hungarian consumers for a fixed market basket of goods and services. It is used to assess changes in the overall cost of living and to inform monetary policy decisions.
Methodology
The Hungarian Central Statistical Office collects and calculates the CPI data based on a survey of consumer expenditures.
Historical Context
The CPI is a widely tracked economic indicator that influences decisions by the National Bank of Hungary and other policymakers.
Key Facts
- The CPI is calculated monthly by the Hungarian Central Statistical Office.
- Hungary's CPI reached a high of 25.6% in July 1991 during a period of hyperinflation.
- The CPI is a major factor considered by the National Bank of Hungary when setting monetary policy.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for All Items: Total in Hungary measures the change in prices paid by consumers for a basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation and cost of living, making it an important metric for policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The data is collected and calculated monthly by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: The CPI is a major factor considered by the National Bank of Hungary when setting monetary policy to achieve price stability.
Q: Are there update delays or limitations?
A: The CPI data 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 (CPALTT01HUQ657N), retrieved from FRED.