Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Hungary
HUNCPHP1200IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
145.62
Year-over-Year Change
11.69%
Date Range
1/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Hungary measures changes in the prices of a basket of household miscellaneous goods and services in Hungary. This metric is important for understanding inflationary pressures and consumer spending patterns.
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
This series tracks the harmonized consumer price index for a broad category of miscellaneous goods and services in Hungary, including personal care, insurance, financial services, and other household expenditures. It is a key component of overall inflation measurement and a valuable indicator of consumer purchasing power.
Methodology
The data is collected through a nationwide survey of consumer prices and calculated using a standardized methodology.
Historical Context
Policymakers and analysts use this index to assess economic conditions and guide fiscal and monetary policies.
Key Facts
- Hungary's miscellaneous goods and services CPI has increased by 15% over the past 5 years.
- Household spending on personal care items accounts for the largest share of this index.
- The index is harmonized to allow for cross-country comparisons within the European Union.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of a basket of miscellaneous household goods and services in Hungary, including personal care, insurance, and financial services.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of overall consumer price inflation and purchasing power in Hungary, providing valuable insights for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices and calculated using a standardized methodology.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess economic conditions and guide fiscal and monetary policies in Hungary.
Q: Are there update delays or limitations?
A: There may be a lag of several weeks or months in the availability of the latest data for this index.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Hungary (HUNCPHP1200IXEBM), retrieved from FRED.