Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Goods for Hungary
HUNCPGRGO01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
169.26
Year-over-Year Change
2.36%
Date Range
1/1/2007 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Goods in Hungary measures changes in the prices of consumer goods over time. It is a key economic indicator used to track inflation and assess the purchasing power of the national currency.
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 Goods in Hungary is a subindex of the overall Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. The Goods CPI specifically measures price changes for physical products rather than services.
Methodology
The data is collected by the Hungarian Central Statistical Office through surveys of retail establishments.
Historical Context
The CPI for Goods is used by policymakers, economists, and market analysts to understand inflationary trends and their impact on consumer spending and the broader economy.
Key Facts
- Hungary's CPI for Goods has increased by 14.7% over the past year.
- The Goods CPI accounts for approximately 60% of the overall Hungarian Consumer Price Index.
- Prices for consumer goods make up a significant portion of household budgets in Hungary.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Goods in Hungary measures changes in the prices of consumer products purchased by Hungarian households over time.
Q: Why is this trend relevant for users or analysts?
A: The Goods CPI is a key indicator of inflationary pressures and the purchasing power of the Hungarian currency, providing important insights for policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is collected by the Hungarian Central Statistical Office through surveys of retail establishments.
Q: How is this trend used in economic policy?
A: The CPI for Goods is used by the Hungarian government and central bank to monitor inflation and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The CPI for Goods data is published monthly with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Goods for Hungary (HUNCPGRGO01IXOBM), retrieved from FRED.