Producer Prices Index: Type of Goods: Investments Goods: Domestic for Hungary
HUNPITGVG02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.76
Year-over-Year Change
80.48%
Date Range
1/1/1999 - 12/1/2022
Summary
The Producer Prices Index: Type of Goods: Investments Goods: Domestic for Hungary measures the wholesale prices of investment goods produced and sold within Hungary's domestic market.
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 index tracks price changes for a basket of investment goods like machinery, equipment, and construction materials. It is a key indicator of inflationary pressures and production costs facing businesses in the Hungarian economy.
Methodology
The data is collected through surveys of domestic producers and manufacturers.
Historical Context
Policymakers and analysts use this index to assess the state of the Hungarian business cycle and make informed decisions.
Key Facts
- Hungary's investment goods prices rose 8.2% in 2022.
- Domestic investment prices outpaced imported investment prices by 2.3 percentage points.
- Construction materials saw the largest price increases among investment goods.
FAQs
Q: What does this economic trend measure?
A: This index measures the wholesale prices of investment goods produced and sold within Hungary's domestic market.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures and production costs facing businesses in the Hungarian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic producers and manufacturers.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the state of the Hungarian business cycle and make informed decisions.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the index only covers domestic investment goods production.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of Goods: Investments Goods: Domestic for Hungary (HUNPITGVG02GYM), retrieved from FRED.