Harmonized Index of Consumer Prices: Household Appliances for Hungary
CP0530HUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.63
Year-over-Year Change
2.10%
Date Range
12/1/2000 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Household Appliances in Hungary measures the inflation rate for a basket of home appliances. This metric is a key indicator of consumer price trends and can inform economic policymaking.
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 for Household Appliances in Hungary tracks the changes in prices paid by Hungarian consumers for a selection of common home appliances. This index is part of the broader HICP, which is used to assess and compare inflation across the European Union.
Methodology
The data is collected through regular surveys of prices at retail outlets throughout Hungary.
Historical Context
Trends in household appliance prices can offer insights into consumer demand, household spending, and broader macroeconomic conditions.
Key Facts
- Hungary is a member of the European Union.
- Household appliances account for a significant portion of consumer spending.
- The HICP is harmonized across EU countries to enable cross-border comparisons.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Household Appliances in Hungary measures the inflation rate for a basket of home appliances purchased by Hungarian consumers.
Q: Why is this trend relevant for users or analysts?
A: Trends in household appliance prices can provide insights into consumer demand, household spending patterns, and broader macroeconomic conditions in Hungary.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of prices at retail outlets throughout Hungary.
Q: How is this trend used in economic policy?
A: The HICP for Household Appliances is used by policymakers and economists to assess inflationary pressures and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published on a monthly basis, but there may be lags in data reporting or collection that can affect the timeliness of the information.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Household Appliances for Hungary (CP0530HUM086NEST), retrieved from FRED.