Producer Prices Index: Economic Activities: Manufacturing: Domestic for Hungary
HUNPPDMMINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
174.69
Year-over-Year Change
34.52%
Date Range
1/1/1995 - 12/1/2022
Summary
The Producer Prices Index for Manufacturing in Hungary measures price changes at the factory gate for goods produced domestically by the manufacturing sector. It serves as an important indicator of inflationary pressures and production costs.
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 Producer Prices Index (PPI) for Manufacturing in Hungary tracks the average change in prices received by domestic manufacturers for their output. It is a key economic statistic used to assess price trends, competitiveness, and potential inflation within the manufacturing industry.
Methodology
The Hungarian Central Statistical Office collects monthly data from a sample of manufacturing companies to calculate the PPI.
Historical Context
Policymakers and analysts monitor the PPI to gauge the state of the Hungarian economy and inform decisions on monetary and fiscal policy.
Key Facts
- Hungary's PPI for Manufacturing has risen by 25% over the past 5 years.
- The PPI is a leading indicator of future consumer price inflation.
- Manufacturing accounts for over 20% of Hungary's GDP.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for Manufacturing in Hungary measures the average change in prices received by domestic manufacturers for their output.
Q: Why is this trend relevant for users or analysts?
A: The PPI is a key indicator of inflationary pressures, production costs, and competitiveness within the Hungarian manufacturing sector, making it relevant for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The Hungarian Central Statistical Office collects monthly price data from a sample of manufacturing companies to calculate the PPI.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor the PPI to assess the state of the Hungarian economy and inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The PPI data is published monthly with a typical lag of 4-6 weeks.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Manufacturing: Domestic for Hungary (HUNPPDMMINMEI), retrieved from FRED.