Price Level of Consumption for Hungary
PLOCONHUA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.92
Year-over-Year Change
60.97%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of Consumption for Hungary (PLOCONHUA622NUPN) is an economic indicator that measures the general price level for consumer goods and services in Hungary. It is a key statistic used by economists and policymakers to assess inflationary pressures and the purchasing power of Hungarian consumers.
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 Price Level of Consumption for Hungary is an index that tracks the average change in prices paid by Hungarian households for a basket of consumer goods and services. It provides a broad measure of inflation in the Hungarian economy and is an important input for monetary policy decisions.
Methodology
The data is collected through surveys of Hungarian households and businesses, with the index calculated by the Hungarian Central Statistical Office.
Historical Context
The Price Level of Consumption is used by the National Bank of Hungary and other institutions to monitor inflation and make informed policy choices.
Key Facts
- The Price Level of Consumption index has a base year of 2015.
- Hungary's consumer price index rose 23.1% year-over-year as of December 2022.
- The central bank of Hungary targets an inflation rate of 3% +/- 1 percentage point.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Hungary measures the average change in prices paid by Hungarian households for a basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: This indicator is a key statistic used by economists and policymakers to assess inflationary pressures and the purchasing power of Hungarian consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Hungarian households and businesses, with the index calculated by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: The Price Level of Consumption is used by the National Bank of Hungary and other institutions to monitor inflation and make informed monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the Hungarian Central Statistical Office with no significant delays.
Related Trends
Price Level of Government Consumption for Finland
PLOGINFIA623NUPN
Price Level of Government Consumption for Barbados
PLOGINBBA623NUPN
Price Level of GDP, G-K method for Grenada
PLOGDPGDA621NUPN
Price Level of Government Consumption for Republic of Congo
PLOGINCGA623NUPN
Price Level of Consumption for Turkmenistan
PLOCONTMA622NUPN
Price Level of Government Consumption for Kyrgyzstan
PLOGINKGA623NUPN
Citation
U.S. Federal Reserve, Price Level of Consumption for Hungary (PLOCONHUA622NUPN), retrieved from FRED.