Consumer Price Index: All Items: Total for Hungary
HUNCPALTT01IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
216.67
Year-over-Year Change
41.06%
Date Range
1/1/1980 - 7/1/2023
Summary
The Consumer Price Index (CPI) measures the changes in prices paid by consumers for a basket of goods and services in Hungary. It is a key indicator of inflation and an important metric for policymakers and economists.
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 All Items: Total in Hungary tracks the overall price level of consumer goods and services. It is used to assess the purchasing power of the Hungarian forint, monitor inflation, and inform monetary policy decisions by the Hungarian National Bank.
Methodology
The CPI is calculated by the Hungarian Central Statistical Office based on a survey of household expenditures.
Historical Context
The CPI is a crucial economic indicator used by the government, central bank, and markets to gauge the state of the Hungarian economy.
Key Facts
- The CPI is measured monthly in Hungary.
- The base year for the CPI in Hungary is 2015.
- Food and non-alcoholic beverages have the largest weight in the Hungarian CPI basket.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for All Items: Total in Hungary measures the changes in the prices paid by consumers for a basket of common goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Hungarian CPI is a key indicator of inflation and an important metric for policymakers, businesses, and consumers to understand the purchasing power of the national currency.
Q: How is this data collected or calculated?
A: The CPI is calculated monthly by the Hungarian Central Statistical Office based on a survey of household expenditures.
Q: How is this trend used in economic policy?
A: The Hungarian CPI is closely monitored by the national central bank and government to inform monetary policy decisions and assess the overall state of the economy.
Q: Are there update delays or limitations?
A: The Hungarian CPI data is published monthly with a short delay, typically 2-3 weeks after the end of the reference period.
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: Total for Hungary (HUNCPALTT01IXNBQ), retrieved from FRED.