Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Residuals for Hungary
HUNCPSDCTGYCTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.05
Year-over-Year Change
153.16%
Date Range
1/1/2010 - 4/1/2025
Summary
The Consumer Price Indices (CPIs, HICPs) for Hungary track changes in the cost of a representative basket of consumer goods and services. This residual-based index is a key indicator of domestic inflation and economic conditions.
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 Hungary measures price changes for a fixed basket of consumer items, including food, housing, transportation, and other expenditures. It is a widely used benchmark for inflation and serves as an important input for economic policymaking.
Methodology
The data is collected through surveys of retail prices and calculated as a weighted average of price changes.
Historical Context
Policymakers and analysts use the Hungarian CPI to assess cost-of-living changes and guide monetary and fiscal policies.
Key Facts
- The CPI is a key economic indicator for Hungary.
- The index is calculated monthly and released by the Hungarian Central Statistical Office.
- The CPI is used to adjust government benefits, wages, and other payments for inflation.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Hungary measures changes in the cost of a representative basket of consumer goods and services, providing a key indicator of domestic inflation.
Q: Why is this trend relevant for users or analysts?
A: The Hungarian CPI is a widely followed economic indicator used by policymakers, businesses, and consumers to assess cost-of-living changes and guide decisions on monetary policy, wage adjustments, and other areas.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail prices and calculated as a weighted average of price changes for the fixed consumer basket.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Hungarian CPI to monitor inflation, inform monetary policy decisions, and adjust government programs, wages, and other payments to account for changes in the cost of living.
Q: Are there update delays or limitations?
A: The Hungarian CPI data is released monthly by the Central Statistical Office, with a typical one-month lag in availability.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Residuals for Hungary (HUNCPSDCTGYCTGYM), retrieved from FRED.