Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Hungary
Index 2015=100, Quarterly
HUNCCUSMA02IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.21
Year-over-Year Change
17.37%
Date Range
1/1/1968 - 10/1/2023
Summary
The Index 2015=100, Quarterly series measures the quarterly change in consumer prices in Hungary. This key inflation indicator is closely watched by policymakers and economists to assess the state of 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 Index 2015=100, Quarterly series tracks the change in consumer prices over time in Hungary, with 2015 as the base year. This price index is a widely used metric for monitoring inflation and can inform monetary policy decisions by the central bank.
Methodology
The data is calculated based on price surveys of a representative basket of consumer goods and services.
Historical Context
Policymakers and analysts use this index to evaluate the effectiveness of monetary and fiscal policies in maintaining price stability.
Key Facts
- The base year for the index is 2015.
- The index is published on a quarterly basis.
- Hungary's consumer price index reached a high of 105.4 in Q4 2022.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Quarterly series measures the change in consumer prices in Hungary, with 2015 as the base year. It is a key indicator of inflation in the Hungarian economy.
Q: Why is this trend relevant for users or analysts?
A: This index is closely monitored by policymakers, economists, and investors to assess the overall price stability and inflationary pressures in the Hungarian economy, which informs monetary policy decisions and economic forecasting.
Q: How is this data collected or calculated?
A: The data is calculated based on price surveys of a representative basket of consumer goods and services in Hungary.
Q: How is this trend used in economic policy?
A: The consumer price index is a key input for the Hungarian central bank's monetary policy decisions, as it reflects the effectiveness of their efforts to maintain price stability and low inflation.
Q: Are there update delays or limitations?
A: The Index 2015=100, Quarterly series is published on a timely basis, with the latest data typically available within a few months of the end of the reference quarter.
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Citation
U.S. Federal Reserve, Index 2015=100, Quarterly (HUNCCUSMA02IXOBQ), retrieved from FRED.