Producer Prices Index: Type of Goods: Intermediate Goods: Domestic for Hungary
PITGIG02HUM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
174.78
Year-over-Year Change
33.99%
Date Range
1/1/1998 - 12/1/2022
Summary
The Producer Prices Index: Type of Goods: Intermediate Goods: Domestic for Hungary tracks changes in the wholesale prices of domestically produced intermediate goods in Hungary, providing insights into inflationary pressures and supply chain dynamics.
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 measures the average change in prices received by domestic producers for their output of intermediate goods, which are products used as inputs for further production or as capital equipment. It is a key indicator of producer-level inflationary trends and an important input for policymakers and analysts monitoring the Hungarian economy.
Methodology
The data is collected through surveys of Hungarian producers and manufacturers.
Historical Context
This index is closely watched by the National Bank of Hungary and other economic institutions to assess domestic price pressures and their potential impact on consumer inflation.
Key Facts
- The index uses 2015 as the base year.
- Hungary is a major exporter of intermediate goods in Europe.
- The index is published monthly by the Hungarian Central Statistical Office.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Type of Goods: Intermediate Goods: Domestic for Hungary tracks changes in the wholesale prices of domestically produced intermediate goods in Hungary.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of producer-level inflationary pressures and supply chain dynamics, providing important insights for policymakers and economists monitoring the Hungarian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Hungarian producers and manufacturers.
Q: How is this trend used in economic policy?
A: The Producer Prices Index: Type of Goods: Intermediate Goods: Domestic for Hungary is closely watched by the National Bank of Hungary and other economic institutions to assess domestic price pressures and their potential impact on consumer inflation.
Q: Are there update delays or limitations?
A: The index is published monthly by the Hungarian Central Statistical Office with no significant update delays.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of Goods: Intermediate Goods: Domestic for Hungary (PITGIG02HUM661N), retrieved from FRED.