Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Hungary
HUNCP010000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.84
Year-over-Year Change
-347.25%
Date Range
1/1/2010 - 4/1/2025
Summary
This economic trend measures the Consumer Price Index (CPI) for food and non-alcoholic beverages in Hungary. It is a key indicator of consumer price inflation and purchasing power within 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 CPI for food and non-alcoholic beverages in Hungary provides a comprehensive measure of the change in prices paid by consumers for this essential spending category. It is a vital statistic used by policymakers, economists, and market analysts to assess overall price pressures and the cost of living.
Methodology
The data is collected through a nationwide survey of retail prices for a representative basket of consumer goods and services.
Historical Context
Changes in this CPI trend are closely monitored for their implications on monetary and fiscal policy decisions.
Key Facts
- Hungary's CPI for food and non-alcoholic beverages has a base year of 2015.
- This index is published monthly by the Hungarian Central Statistical Office.
- Food and non-alcoholic beverages account for over 25% of the Hungarian consumer price basket.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Consumer Price Index (CPI) for food and non-alcoholic beverages in Hungary, providing a comprehensive indicator of price changes for these essential consumer goods.
Q: Why is this trend relevant for users or analysts?
A: The CPI for food and non-alcoholic beverages is a vital statistic used by policymakers, economists, and market analysts to assess overall price pressures and the cost of living in the Hungarian economy.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of retail prices for a representative basket of consumer goods and services.
Q: How is this trend used in economic policy?
A: Changes in this CPI trend are closely monitored for their implications on monetary and fiscal policy decisions in Hungary.
Q: Are there update delays or limitations?
A: The CPI for food and non-alcoholic beverages in Hungary is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Hungary (HUNCP010000CTGYM), retrieved from FRED.