Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Goods for Hungary
Growth rate same period previous year, Monthly
HUNCPGRGO01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.36
Year-over-Year Change
222.64%
Date Range
1/1/2008 - 4/1/2025
Summary
The growth rate same period previous year, Monthly tracks the year-over-year change in the Hungarian consumer price index on a monthly basis. This metric is closely monitored by economists and policymakers to assess 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 growth rate same period previous year, Monthly measures the percent change in the Hungarian consumer price index (CPI) compared to the same month of the previous year. The CPI is a widely used indicator of inflation, making this series valuable for analyzing price trends and informing monetary policy decisions.
Methodology
The data is calculated based on monthly CPI surveys conducted by the Hungarian Central Statistical Office.
Historical Context
This economic indicator is used by the Hungarian National Bank and other institutions to evaluate the country's macroeconomic conditions and guide policy responses.
Key Facts
- Hungary's inflation rate reached a multi-decade high of 25.2% in January 2023.
- The growth rate same period previous year, Monthly has exceeded 20% since mid-2022.
- The Hungarian National Bank has raised interest rates aggressively to combat high inflation.
FAQs
Q: What does this economic trend measure?
A: The growth rate same period previous year, Monthly tracks the year-over-year change in the Hungarian consumer price index, a key measure of inflation in the country.
Q: Why is this trend relevant for users or analysts?
A: This indicator is closely watched by economists, policymakers, and market participants to assess inflationary pressures and inform monetary policy decisions in Hungary.
Q: How is this data collected or calculated?
A: The data is calculated based on monthly consumer price index surveys conducted by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: The Hungarian National Bank and other institutions use this indicator to evaluate the country's macroeconomic conditions and guide policy responses, such as interest rate adjustments, to manage inflation.
Q: Are there update delays or limitations?
A: The growth rate same period previous year, Monthly data is published monthly with a typical release lag of 2-3 weeks.
Related Trends
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CCUSSP01HUM650N
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HUNB6FATT01NCCUQ
Balance of Payments: Goods: Expenditure for Hungary
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (HUNCPGRGO01GYM), retrieved from FRED.