Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Hungary
Quarterly
HUNCP090000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
149.03
Year-over-Year Change
30.98%
Date Range
1/1/2007 - 1/1/2025
Summary
The Quarterly Household Consumption Expenditures Index measures changes in household spending on goods and services in the United States. This broad economic indicator is closely watched by policymakers and analysts for insights into consumer demand and economic growth.
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 Quarterly Household Consumption Expenditures Index tracks inflation-adjusted changes in total personal consumption expenditures, a key component of GDP. It provides a comprehensive view of household spending behavior across diverse categories like durable goods, nondurable goods, and services.
Methodology
The data is compiled by the U.S. Bureau of Economic Analysis based on detailed surveys of household spending.
Historical Context
Consumption trends are central to understanding business cycles and informing monetary and fiscal policy decisions.
Key Facts
- The index is published quarterly by the U.S. Bureau of Economic Analysis.
- Consumer spending accounts for over two-thirds of U.S. economic activity.
- The index is a vital input for calculating and analyzing gross domestic product (GDP).
FAQs
Q: What does this economic trend measure?
A: The Quarterly Household Consumption Expenditures Index tracks changes in total inflation-adjusted household spending on goods and services in the United States.
Q: Why is this trend relevant for users or analysts?
A: Consumption is a crucial driver of economic growth, so this index provides important insights into consumer demand and the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Bureau of Economic Analysis based on detailed surveys of household spending.
Q: How is this trend used in economic policy?
A: Consumption trends are central to understanding business cycles and informing monetary and fiscal policy decisions by the Federal Reserve and other policymakers.
Q: Are there update delays or limitations?
A: The index is published quarterly, with a lag of several weeks after the end of each calendar quarter.
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Citation
U.S. Federal Reserve, Quarterly Household Consumption Expenditures Index (HUNCP090000IXOBQ), retrieved from FRED.