Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Hungary
HUNCP090000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.76
Year-over-Year Change
-23.26%
Date Range
1/1/2008 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Recreation and Culture in Hungary measures the change in prices of goods and services related to recreational activities, cultural events, and entertainment. This metric is a key indicator of consumer spending patterns and inflationary pressures 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 CPI for Recreation and Culture tracks the price changes of a fixed basket of recreational, cultural, and entertainment goods and services purchased by Hungarian consumers. This index is an important component of the overall CPI, providing insights into consumer behavior and the cost of living.
Methodology
The Hungarian Central Statistical Office collects price data from a sample of retail outlets to calculate the Recreation and Culture CPI.
Historical Context
Policymakers and analysts use this index to monitor inflation and assess consumer demand in the recreation and culture sectors of the Hungarian economy.
Key Facts
- The Recreation and Culture CPI accounts for approximately 10% of the overall Hungarian CPI basket.
- Prices for this index have increased by an average of 3.2% per year over the past decade.
- Domestic tourism and cultural activities are major drivers of the Recreation and Culture CPI in Hungary.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Recreation and Culture in Hungary tracks the prices of goods and services related to recreational activities, cultural events, and entertainment.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into consumer spending patterns and inflationary pressures in the recreation and culture sectors of the Hungarian economy, which are important for policymakers and analysts.
Q: How is this data collected or calculated?
A: The Hungarian Central Statistical Office collects price data from a sample of retail outlets to calculate the Recreation and Culture CPI.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor inflation and assess consumer demand in the recreation and culture sectors of the Hungarian economy.
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 data 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 (HUNCP090000GYQ), retrieved from FRED.