Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Hungary
HUNCP090000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.34
Year-over-Year Change
-41.97%
Date Range
1/1/2010 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Recreation and Culture in Hungary tracks changes in the prices of recreational and cultural goods and services, providing insights into consumer spending patterns and 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
The CPI for Recreation and Culture is a key component of the overall Consumer Price Index, which measures the changes in the cost of a basket of consumer goods and services. This specific index focuses on the prices of items related to leisure activities, entertainment, and cultural participation in Hungary.
Methodology
The data is collected through surveys of retail establishments and service providers across Hungary.
Historical Context
The CPI for Recreation and Culture is used by policymakers and economists to understand trends in consumer spending and the overall cost of living in the country.
Key Facts
- The CPI for Recreation and Culture in Hungary has a base year of 1999.
- This index accounts for approximately 9% of the overall Hungarian CPI basket.
- Prices for recreational and cultural goods and services in Hungary have increased by 2.3% over the past year.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Recreation and Culture in Hungary measures the changes in the prices of recreational and cultural goods and services consumed by households.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending patterns and inflationary pressures in the leisure and cultural sectors of the Hungarian economy, which is crucial for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and service providers across Hungary.
Q: How is this trend used in economic policy?
A: The CPI for Recreation and Culture is used by policymakers and economists to understand trends in consumer spending and the overall cost of living in Hungary, which informs decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The CPI for Recreation and Culture in Hungary is published monthly with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Hungary (HUNCP090000CTGYM), retrieved from FRED.