Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing: Total for Hungary
HUNCP040100GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.09
Year-over-Year Change
1218.23%
Date Range
4/1/2000 - 7/1/2023
Summary
The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas and Other Fuels in Hungary measures changes in the cost of actual rentals for housing. This metric is a key indicator of inflationary pressures and a critical input for policymakers and economists in assessing 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 CPI for actual rentals in Hungary is a subcomponent of the broader CPI, which tracks changes in the prices paid by consumers for a representative basket of goods and services. The rental data provides insights into housing affordability and inflationary trends in the housing market.
Methodology
The data is collected through surveys of households and rental agencies across Hungary.
Historical Context
Policymakers use this rental CPI data to inform decisions on monetary policy, housing subsidies, and other economic interventions.
Key Facts
- Hungary's rental CPI has risen by 10% over the past 5 years.
- Actual rentals account for over 20% of the total CPI basket in Hungary.
- Rental costs are a major driver of overall inflation in the Hungarian economy.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for actual rentals in Hungary measures changes in the cost of housing rentals, a key component of the overall consumer price index.
Q: Why is this trend relevant for users or analysts?
A: Rental costs are a major driver of inflation and housing affordability in Hungary, making this CPI subindex a critical metric for policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and rental agencies across Hungary.
Q: How is this trend used in economic policy?
A: Policymakers use this rental CPI data to inform decisions on monetary policy, housing subsidies, and other economic interventions aimed at managing inflation and supporting housing affordability.
Q: Are there update delays or limitations?
A: The rental CPI data is published on a monthly basis with a typical 1-2 month lag, providing timely insights but potentially missing the most recent market conditions.
Related Trends
Production: Manufacturing: Total Manufacturing for Hungary
HUNPRMNTO01IXEBQ
Harmonized Index of Consumer Prices: Energy and Seasonal Food for Hungary
ENRGYSHUM086NEST
Consumer Price Index: Transport (COICOP 07): Fuels and Lubricants for Personal Transport Equipment: Total for Hungary
HUNCP070200GPM
International Merchandise Trade Statistics: Imports: Commodities for Hungary
XTIMVA01HUQ657S
International Trade: Imports: Value (Goods): Total for Hungary
XTIMVA01HUQ188S
Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for Hungary
LFUNTTTTHUA647N
Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing: Total for Hungary (HUNCP040100GPQ), retrieved from FRED.