Producer Prices Index: Economic Activities: Energy: Total for Hungary
Growth rate previous period, Quarterly
HUNPIEAEN01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.64
Year-over-Year Change
679.20%
Date Range
4/1/1998 - 10/1/2022
Summary
The Growth rate previous period, Quarterly trend measures the percent change in Hungary's quarterly Harmonized Index of Consumer Prices (HICP) compared to the previous quarter. This provides important insights into inflationary pressures and consumer price dynamics in the Hungarian economy.
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 Growth rate previous period, Quarterly indicator tracks the quarter-over-quarter change in Hungary's Harmonized Index of Consumer Prices (HICP), a key measure of consumer inflation. This data series is widely used by economists and policymakers to analyze price movements and cost-of-living trends in the Hungarian market.
Methodology
The HICP data is collected and calculated by Eurostat based on a standardized methodology across EU member states.
Historical Context
Policymakers at the Hungarian National Bank and European Central Bank closely monitor this inflation gauge to inform monetary policy decisions.
Key Facts
- Hungary's consumer prices rose 1.4% in Q4 2022 compared to the prior quarter.
- Quarterly HICP growth has averaged 0.7% over the past 5 years.
- Food and energy prices are major drivers of Hungary's consumer inflation.
FAQs
Q: What does this economic trend measure?
A: The Growth rate previous period, Quarterly indicator tracks the quarter-over-quarter percent change in Hungary's Harmonized Index of Consumer Prices (HICP), a key measure of consumer inflation.
Q: Why is this trend relevant for users or analysts?
A: This inflation gauge provides important insights into price dynamics and cost-of-living trends in the Hungarian economy, which is crucial information for economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The HICP data is collected and calculated by Eurostat based on a standardized methodology across EU member states.
Q: How is this trend used in economic policy?
A: Policymakers at the Hungarian National Bank and European Central Bank closely monitor this inflation indicator to inform monetary policy decisions aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The Growth rate previous period, Quarterly data is published by Eurostat on a timely basis, with the latest quarter's figure typically available within two months.
Related Trends
Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Hungary
HUNCP110000GPM
Amount Outstanding Due within One Year of International Debt Securities for Non-financial Corporations Sector, Residence of Issuer in Hungary
IDS1YMAORINCHU
Infra-Annual Labor Statistics: Labor Force Male: From 25 to 54 Years for Hungary
LFAC25MAHUQ647N
Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Water Supply and Miscellaneous Services Relating to the Dwelling: Total for Hungary
HUNCP040400GPM
Harmonized Index of Consumer Prices: Overall Index Excluding Energy, Food, Alcohol, and Tobacco for Hungary
00XEFDHUM086NEST
National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Hungary
HUNGDPNADSMEI
Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (HUNPIEAEN01GPQ), retrieved from FRED.