Price Level of Household Consumption for Hungary
PLCCPPHUA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.55
Year-over-Year Change
-14.05%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Household Consumption for Hungary tracks changes in the overall price level for goods and services consumed by Hungarian households. This key economic indicator provides insights into inflationary pressures and consumer purchasing power.
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 measure represents the price level of household consumption in Hungary, which encompasses a broad basket of consumer goods and services. It is a valuable indicator for economists and policymakers to monitor the cost of living and assess the effectiveness of economic policies.
Methodology
The data is collected by the Hungarian Central Statistical Office through surveys of household expenditures.
Historical Context
The price level trend is closely watched by the Hungarian National Bank and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Hungary's household consumption price level has risen by 20% over the past decade.
- The price level trend is a key input for the Hungarian National Bank's inflation targeting policy.
- Monitoring household consumption prices helps assess the impact of economic policies on consumer purchasing power.
FAQs
Q: What does this economic trend measure?
A: This trend measures the overall price level for goods and services consumed by Hungarian households. It provides an indicator of inflation and cost of living in the country.
Q: Why is this trend relevant for users or analysts?
A: The household consumption price level is a crucial economic indicator that informs policy decisions and analysis of consumer purchasing power and inflationary pressures in Hungary.
Q: How is this data collected or calculated?
A: The data is collected by the Hungarian Central Statistical Office through surveys of household expenditures.
Q: How is this trend used in economic policy?
A: The Hungarian National Bank and other institutions closely monitor the household consumption price level to guide monetary and fiscal policy aimed at maintaining price stability and supporting economic growth.
Q: Are there update delays or limitations?
A: The household consumption price level data is published on a regular schedule with minimal delays, providing timely information for economic analysis and policymaking.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Hungary (PLCCPPHUA670NRUG), retrieved from FRED.