National Accounts: National Accounts Deflators: Private Consumption Expenditure Deflator: Implicit Price Deflator Total for Hungary
HUNNAGICE01IXOBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
168.75
Year-over-Year Change
43.45%
Date Range
1/1/1995 - 7/1/2023
Summary
The National Accounts Deflators: Private Consumption Expenditure Deflator: Implicit Price Deflator Total for Hungary measures changes in the overall price level of private consumption expenditures, providing insights into inflation 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
This deflator tracks the price changes of all goods and services purchased by Hungarian households, serving as a key indicator of inflationary pressures and consumer price dynamics within the national economy.
Methodology
The data is calculated based on national accounts statistics and household expenditure surveys.
Historical Context
Policymakers and analysts use this deflator to assess the real purchasing power of consumers and guide monetary and fiscal policy decisions.
Key Facts
- The base year for this deflator is 2015.
- The deflator is published quarterly by the Hungarian Central Statistical Office.
- Trends in this deflator help guide the Hungarian National Bank's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the overall price level of private consumption expenditures in Hungary, providing insights into inflation and consumer purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This deflator is a key indicator of inflationary pressures and consumer price dynamics within the Hungarian economy, which is crucial for policymakers and analysts to assess real purchasing power and guide economic decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts statistics and household expenditure surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this deflator to assess the real purchasing power of Hungarian consumers and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The deflator is published quarterly by the Hungarian Central Statistical Office, with some potential for minor delays in data availability.
Related Trends
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 55 to 64 Years for Hungary
LFIN55TTHUQ647N
Infra-Annual Labor Statistics: Unemployment Rate Female: From 25 to 54 Years for Hungary
LRUN25FEHUA156N
Share Prices: All Shares/Broad: Total for Hungary
HUNSPASTT01GYQ
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Hungary
HUNCP090000GYM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Hungary
HUNCP080000GYM
International Trade: Exports: Value (Goods): Total for Hungary
XTEXVA01HUA188S
Citation
U.S. Federal Reserve, National Accounts: National Accounts Deflators: Private Consumption Expenditure Deflator: Implicit Price Deflator Total for Hungary (HUNNAGICE01IXOBSAQ), retrieved from FRED.