Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Hungary
HUNCP090000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.65
Year-over-Year Change
-44.99%
Date Range
1/1/2008 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Recreation and Culture in Hungary measures changes in the prices of goods and services related to recreational activities and cultural pursuits. This index is a key indicator of inflationary pressures and consumer spending patterns 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 Recreation and Culture CPI is a subcomponent of the overall Hungarian Consumer Price Index. It tracks the prices of a basket of goods and services that consumers purchase for leisure, entertainment, and cultural activities. This data is used by policymakers and analysts to assess changes in the cost of living and monitor consumer behavior.
Methodology
The Hungarian Central Statistical Office collects price data from a sample of retailers and service providers to calculate the Recreation and Culture CPI.
Historical Context
Changes in the Recreation and Culture CPI can signal shifts in consumer preferences and the overall health of the Hungarian economy.
Key Facts
- The Recreation and Culture CPI accounts for around 9% of the total Hungarian CPI basket.
- Prices for this category have increased by an average of 3.2% annually over the past decade.
- Domestic tourism and cultural activities are major components of this index.
FAQs
Q: What does this economic trend measure?
A: The Recreation and Culture CPI measures changes in the prices of goods and services related to leisure, entertainment, and cultural activities in Hungary.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into consumer spending patterns and inflationary pressures in the Hungarian economy, which is valuable for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The Hungarian Central Statistical Office collects price data from a sample of retailers and service providers to calculate the Recreation and Culture CPI.
Q: How is this trend used in economic policy?
A: Changes in the Recreation and Culture CPI can signal shifts in consumer preferences and the overall health of the Hungarian economy, which policymakers and analysts monitor closely.
Q: Are there update delays or limitations?
A: The Recreation and Culture CPI is published monthly by the Hungarian Central Statistical Office, with a typical release lag of 2-3 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 (HUNCP090000GYM), retrieved from FRED.