Consumer Price Index for Hungary
Index 2010=100, Annual, Not Seasonally Adjusted
DDOE02HUA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.45
Year-over-Year Change
48.80%
Date Range
1/1/1972 - 1/1/2017
Summary
The Index 2010=100, Annual, Not Seasonally Adjusted metric tracks the annual change in a country's nominal effective exchange rate, a key indicator of international trade and competitiveness.
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 nominal effective exchange rate index measures the value of a country's currency relative to a weighted average of several foreign currencies. It is used to assess a country's price competitiveness and trade balance performance.
Methodology
This index is calculated by the World Bank using trade-weighted exchange rates.
Historical Context
Policymakers closely monitor the nominal effective exchange rate to inform decisions on monetary, fiscal, and trade policies.
Key Facts
- The index has a base year of 2010.
- It is reported on an annual, non-seasonally adjusted basis.
- The index tracks changes in a country's currency value relative to its trading partners.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual change in a country's nominal effective exchange rate, which reflects the value of its currency relative to a weighted basket of other currencies.
Q: Why is this trend relevant for users or analysts?
A: The nominal effective exchange rate is a key indicator of a country's international trade competitiveness and can inform policy decisions related to monetary, fiscal, and trade policies.
Q: How is this data collected or calculated?
A: The World Bank calculates this index using trade-weighted exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor the nominal effective exchange rate to assess a country's trade performance and price competitiveness, which informs decisions on monetary, fiscal, and trade policies.
Q: Are there update delays or limitations?
A: The nominal effective exchange rate data is reported on an annual, non-seasonally adjusted basis, which may limit its timeliness for some analyses.
Related Trends
Leading Indicators OECD: Leading indicators: CLI: Normalised for Hungary
HUNLOLITONOSTSAM
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Hungary
HUNPROINDMISMEI
Harmonized Index of Consumer Prices: Recording Media for Hungary
CP0914HUM086NEST
Consumer Price Index: Health (COICOP 06): Total for Hungary
HUNCP060000IXNBQ
Interest Rates: 3-Month or 90-Day Rates and Yields: Treasury Securities: Total for Hungary
IR3TTS01HUM156N
Unemployment to Population Rate: All Ages: Males for Hungary
LRUPTTMAHUQ156S
Citation
U.S. Federal Reserve, Index 2010=100, Annual, Not Seasonally Adjusted (DDOE02HUA086NWDB), retrieved from FRED.