Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Hungary
CPGREN01HUQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.90
Year-over-Year Change
-45.06%
Date Range
4/1/1990 - 7/1/2023
Summary
The Consumer Price Index (CPI) for OECD Groups: Energy (Fuel, Electricity, and Gasoline) measures changes in the prices paid by Hungarian consumers for energy-related goods and services. This key economic indicator provides insights into inflationary pressures 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 OECD Groups: Energy CPI for Hungary tracks the cost of a basket of energy-related products, including fuels, electricity, and gasoline. It is a valuable gauge of energy price dynamics and can inform policy decisions aimed at addressing cost-of-living concerns and energy market stability.
Methodology
The data is collected through a nationwide survey of retail prices and calculated using a weighted average formula.
Historical Context
Policymakers and market analysts closely monitor this energy-focused CPI to assess the impact of global energy market fluctuations on Hungarian households and the broader economy.
Key Facts
- Hungary's energy CPI reached a record high in 2022.
- Energy costs account for a significant portion of the average Hungarian household's budget.
- Fluctuations in this index can impact the country's overall inflation rate.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for OECD Groups: Energy (Fuel, Electricity, and Gasoline) measures changes in the prices paid by Hungarian consumers for energy-related goods and services.
Q: Why is this trend relevant for users or analysts?
A: This energy-focused CPI is a valuable gauge of inflationary pressures and consumer purchasing power, providing insights that can inform policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of retail prices and calculated using a weighted average formula.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this energy-focused CPI to assess the impact of global energy market fluctuations on Hungarian households and the broader economy.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule, with potential for minor delays or revisions due to the complexity of data collection and compilation.
Related Trends
Harmonized Index of Consumer Prices: Audio-Visual, Photographic and Information Processing Equipment for Hungary
CP0910HUM086NEST
Cash surplus/deficit (% of GDP) for Hungary
CASHBLHUA188A
Business Tendency Surveys: Selling Prices: Economic Activity: Construction: Future Tendency for Hungary
BCSPFT02HUM460S
Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Hungary
HUNODCNPI03IXOBM
Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 74 Years for Hungary
LREM74TTHUQ156S
Infra-Annual Labor Statistics: Employment Total: 15 Years or over for Hungary
LFEMTTTTHUQ647N
Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Hungary (CPGREN01HUQ657N), retrieved from FRED.