Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Hungary
Quarterly
HUNCP060000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.46
Year-over-Year Change
2.59%
Date Range
1/1/2008 - 1/1/2025
Summary
The Quarterly Nonfarm Business Sector: Real Compensation Per Hour measures the change in compensation per hour for workers in the nonfarm business sector, adjusted for inflation.
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
This key labor productivity metric helps economists and policymakers understand trends in worker compensation and labor costs, which are important factors in assessing overall economic conditions and guiding policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses and households.
Historical Context
Analysts monitor this indicator to gauge inflationary pressures and the health of the labor market.
Key Facts
- The series dates back to 1947.
- Compensation is adjusted for inflation using the implicit price deflator.
- The series has an average annual growth rate of 1.4% since 1947.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Nonfarm Business Sector: Real Compensation Per Hour measures the change in inflation-adjusted compensation per hour for workers in the nonfarm business sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor productivity and labor costs, which are important factors in assessing overall economic conditions and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses and households.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this indicator to gauge inflationary pressures and the overall health of the labor market, which informs decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately one month.
Related Trends
Sales: Retail Trade: Total Retail Trade: Volume for Hungary
SLRTTO01HUQ657S
Harmonized Index of Consumer Prices: Actual Rentals for Housing for Hungary
CP0410HUM086NEST
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Hungary
HUNCP010000CTGYM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Hungary
HUNCP020000IXOBM
Harmonized Index of Consumer Prices: Bread and Cereals for Hungary
CP0111HUM086NEST
Harmonized Index of Consumer Prices: Books for Hungary
CP0951HUM086NEST
Citation
U.S. Federal Reserve, Quarterly Nonfarm Business Sector: Real Compensation Per Hour (HUNCP060000GYQ), retrieved from FRED.