Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Hungary
HUNCP010000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.92
Year-over-Year Change
-344.35%
Date Range
1/1/1981 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Hungary tracks changes in the prices paid by consumers for a basket of food and beverage items. This metric is a key indicator of inflation in 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 represents the changes in the prices of a fixed basket of food and non-alcoholic beverage products purchased by Hungarian consumers. It is a widely used gauge of consumer price inflation and an important input for economic policy decisions.
Methodology
The Hungarian Central Statistical Office collects price data from a sample of retail outlets to calculate this index on a monthly basis.
Historical Context
Policymakers and analysts monitor this CPI component to assess pressures on household budgets and the overall cost of living in Hungary.
Key Facts
- Hungary's CPI for Food and Non-Alcoholic Beverages has a weight of over 16% in the overall CPI basket.
- Prices for food and non-alcoholic beverages account for a significant portion of Hungarian household budgets.
- This CPI component is a key input for the Hungarian Central Bank's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Hungary tracks changes in the prices paid by consumers for a basket of food and beverage items.
Q: Why is this trend relevant for users or analysts?
A: This CPI component is a crucial indicator of inflation and consumer price pressures in the Hungarian economy, informing policymakers and analysts about household budgets and the overall cost of living.
Q: How is this data collected or calculated?
A: The Hungarian Central Statistical Office collects price data from a sample of retail outlets to calculate this index on a monthly basis.
Q: How is this trend used in economic policy?
A: Policymakers and the Hungarian Central Bank closely monitor this CPI component to assess inflationary pressures and make informed monetary policy decisions.
Q: Are there update delays or limitations?
A: The CPI for Food and Non-Alcoholic Beverages in Hungary is published on a monthly basis with minimal delays, providing timely data for economic analysis and policy decisions.
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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 (HUNCP010000GYM), retrieved from FRED.