Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Total for Hungary
HUNCPHP0700GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.20
Year-over-Year Change
-540.00%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Total for Hungary tracks changes in transportation costs for consumers in Hungary. This metric is a key indicator of inflationary pressures and consumer purchasing power.
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 Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Total for Hungary is a component of the broader Consumer Price Index, which measures the average change in prices paid by consumers for a basket of goods and services. The transport category includes costs related to private transportation, public transportation, and other mobility expenses.
Methodology
The data is collected through surveys of consumer expenditures and compiled by the Hungarian Central Statistical Office.
Historical Context
Policymakers and analysts use this metric to gauge inflationary trends and make informed decisions about monetary and fiscal policy.
Key Facts
- Hungary's transport CPI reached a high of 131.4 in 2022.
- Transportation accounts for around 15% of the total consumer basket in Hungary.
- The transport CPI has risen faster than the overall CPI in recent years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Total for Hungary measures changes in the prices of transportation-related goods and services for consumers in Hungary.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of inflationary pressures and consumer purchasing power, as transportation is a significant component of household budgets. It helps policymakers and analysts understand broader economic conditions in Hungary.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and compiled by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge inflationary trends and make informed decisions about monetary and fiscal policy in Hungary.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Total for Hungary (HUNCPHP0700GPM), retrieved from FRED.