Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Hungary
HUNCP080000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.10
Year-over-Year Change
-508.92%
Date Range
1/1/2008 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Communication in Hungary measures the inflation rate for communication-related goods and services. It is a key economic indicator used to track changes in the cost of living and assess monetary policy.
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 Communication CPI for Hungary is part of the broader Consumer Price Index (CPI) and Harmonized Index of Consumer Prices (HICP), which track changes in the prices paid by consumers for a basket of goods and services. The Communication CPI specifically focuses on the costs related to telecommunications, internet, and other communication technology.
Methodology
The data is collected through surveys of consumer expenditures and prices by the Hungarian Central Statistical Office.
Historical Context
The Communication CPI is used by policymakers, economists, and market analysts to understand inflationary pressures and guide economic and monetary policy decisions.
Key Facts
- The Communication CPI is a component of the broader Hungarian CPI.
- Communication costs account for approximately 3.5% of the Hungarian consumer's expenditure basket.
- The Communication CPI has increased by 15% over the past 5 years in Hungary.
FAQs
Q: What does this economic trend measure?
A: The Communication CPI for Hungary measures the changes in prices for telecommunication services, internet, and other communication-related goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Communication CPI is an important indicator of inflationary pressures and the cost of living in Hungary, providing insights for policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through consumer expenditure surveys and price surveys conducted by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: The Communication CPI is used by the Hungarian National Bank and other policymakers to monitor inflation and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The Communication CPI data is published monthly by the Hungarian Central Statistical Office with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Hungary (HUNCP080000GYQ), retrieved from FRED.