Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Hungary
PITGND01HUQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
146.63
Year-over-Year Change
29.44%
Date Range
1/1/1998 - 10/1/2022
Summary
The Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Hungary measures the changes in selling prices received by domestic producers of non-durable consumer goods in Hungary. This indicator provides insights into inflationary pressures and producer-level activity.
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) tracks the average changes in prices received by domestic producers for their output. The non-durable consumer goods segment specifically measures price changes for items like food, beverages, and other consumable products. This metric is used to analyze producer-level inflation and output trends.
Methodology
The data is collected through surveys of domestic producers and calculated as a weighted index.
Historical Context
Policymakers and analysts monitor the PPI to assess manufacturing conditions and producer-level price dynamics.
Key Facts
- The PPI for non-durable consumer goods in Hungary uses 2015 as its base year.
- Prices are collected from a sample of domestic producers across various industries.
- This index is released monthly by the Hungarian Central Statistical Office.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for non-durable consumer goods in Hungary measures the average changes in prices received by domestic producers for these types of products.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into inflationary pressures and producer-level activity, which is valuable for policymakers, economists, and businesses monitoring manufacturing and consumer goods markets.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic producers and calculated as a weighted index by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor the PPI to assess manufacturing conditions and producer-level price dynamics, which can inform decisions on monetary policy, inflation targeting, and other economic interventions.
Q: Are there update delays or limitations?
A: The PPI for non-durable consumer goods in Hungary is released monthly, with a typical lag of several weeks from the end of the reporting period.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Hungary (PITGND01HUQ661N), retrieved from FRED.