Harmonized Index of Consumer Prices: Repair of Furniture, Furnishings and Floor Coverings for Hungary
CP0513HUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.13
Year-over-Year Change
9.25%
Date Range
12/1/2000 - 12/1/2018
Summary
The Harmonized Index of Consumer Prices (HICP) for Repair of Furniture, Furnishings and Floor Coverings in Hungary measures changes in the prices paid by consumers for these household services. It is a key indicator of inflation and consumer spending trends.
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 HICP is a standardized measure of consumer price inflation across European Union member states. The Repair of Furniture, Furnishings and Floor Coverings index tracks price changes for services related to the upkeep and maintenance of household furnishings and decor.
Methodology
The data is collected through surveys of consumer expenditures and prices by the Hungarian Central Statistical Office.
Historical Context
Policymakers and economists use this index to assess inflationary pressures and consumer behavior within the Hungarian economy.
Key Facts
- The index has a base year of 2015=100.
- Prices are measured monthly and reported with a 1-month lag.
- Hungary joined the Eurozone in 2009.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Repair of Furniture, Furnishings and Floor Coverings in Hungary tracks the prices paid by consumers for household maintenance and repair services.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into inflationary pressures and consumer spending habits within the Hungarian economy, which is important for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through consumer expenditure surveys and price monitoring by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this index to assess overall inflation and consumer behavior, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is reported with a 1-month lag, and the index has a base year of 2015=100.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Repair of Furniture, Furnishings and Floor Coverings for Hungary (CP0513HUM086NEST), retrieved from FRED.