Consumer Price Index: Food for Hungary
Monthly
HUNCPIFODMINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.33
Year-over-Year Change
3.76%
Date Range
1/1/1980 - 5/1/2018
Summary
This economic trend measures monthly changes in the consumer price index for food in Hungary. It 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 monthly food consumer price index tracks the weighted average change in prices paid by Hungarian consumers for a basket of food items. It is a vital metric for policymakers and economists monitoring the state of the Hungarian economy.
Methodology
The data is collected through surveys of Hungarian households and retail establishments.
Historical Context
Trends in food prices are closely watched for their impact on household budgets and overall inflation.
Key Facts
- Hungary's food CPI rose 5.2% in the last 12 months.
- Food accounts for over 25% of the average Hungarian household's expenditures.
- Policymakers monitor this index closely to assess inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly changes in the consumer price index for food items in Hungary. It tracks the weighted average price changes for a basket of food products purchased by Hungarian consumers.
Q: Why is this trend relevant for users or analysts?
A: The food CPI is a vital indicator of inflationary pressures and consumer purchasing power in Hungary. It provides key insights into household budgets and the overall state of the Hungarian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Hungarian households and retail establishments.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the food CPI to assess inflationary pressures and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The monthly food CPI data is published with a short lag, typically within 4-6 weeks of the reference period.
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Citation
U.S. Federal Reserve, Monthly Food Consumer Price Index for Hungary (HUNCPIFODMINMEI), retrieved from FRED.