Harmonized Index of Consumer Prices: Transport for Hungary
CP0700HUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
155.88
Year-over-Year Change
-0.36%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Transport for Hungary measures the changes in the prices of transport-related goods and services paid by Hungarian consumers. This metric is a key economic indicator used to assess inflationary pressures in the transportation sector.
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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation across European Union countries. The Transport component of the HICP tracks the prices of items like fuel, public transportation, and vehicle maintenance, providing insights into a crucial aspect of the Hungarian consumer economy.
Methodology
The data is collected through a nationwide survey of prices paid by Hungarian households.
Historical Context
Policymakers and analysts use the HICP Transport index to evaluate the impact of transportation costs on overall inflation and consumer purchasing power.
Key Facts
- The HICP Transport index is a component of the overall Harmonized Index of Consumer Prices for Hungary.
- Transportation accounts for a significant portion of Hungarian household spending.
- The HICP Transport index is a key input for the European Central Bank's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Transport for Hungary measures the changes in the prices of transport-related goods and services paid by Hungarian consumers.
Q: Why is this trend relevant for users or analysts?
A: The HICP Transport index provides insights into a crucial aspect of the Hungarian consumer economy and is used by policymakers and analysts to evaluate the impact of transportation costs on overall inflation and consumer purchasing power.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of prices paid by Hungarian households.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the HICP Transport index to evaluate the impact of transportation costs on overall inflation and consumer purchasing power, which is a key input for the European Central Bank's monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP Transport data is published on a monthly basis with minimal delay, providing timely insights into changing transportation costs in Hungary.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Transport for Hungary (CP0700HUM086NEST), retrieved from FRED.