Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Hungary
HUNCPHP1200GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.10
Year-over-Year Change
12.22%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Miscellaneous Goods and Services in Hungary measures the change in prices for a basket of consumer goods and services not classified elsewhere. This metric is a key indicator of inflation and consumer spending trends.
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 Miscellaneous Goods and Services is a subcomponent of the overall Consumer Price Index, which tracks the prices paid by Hungarian consumers for a representative basket of goods and services. This subindex focuses on items like personal care products, financial services, and other miscellaneous expenditures.
Methodology
The data is collected through surveys of Hungarian households and businesses by the Central Statistical Office.
Historical Context
Policymakers and economists use this CPI subindex to assess inflationary pressures and consumer behavior within the Hungarian economy.
Key Facts
- Covers around 13% of the Hungarian CPI basket.
- Has risen at an average annual rate of 3.2% over the past decade.
- Reached a record high in 2022 amid broader inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Miscellaneous Goods and Services in Hungary tracks the prices paid by consumers for a variety of products and services not classified elsewhere in the CPI basket.
Q: Why is this trend relevant for users or analysts?
A: This CPI subindex provides insight into a broad swath of consumer spending, offering a valuable gauge of inflationary pressures and household purchasing behavior within the Hungarian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Hungarian households and businesses by the Central Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this CPI subindex to assess overall inflationary conditions and consumer spending patterns, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The CPI for Miscellaneous Goods and Services 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: Miscellaneous Goods and Services for Hungary (HUNCPHP1200GYM), retrieved from FRED.