Harmonized Index of Consumer Prices: Motor Cars for Hungary
CP0711HUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.79
Year-over-Year Change
1.09%
Date Range
12/1/2000 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Motor Cars in Hungary measures the price changes of passenger vehicles in the country. This metric is a key indicator of consumer inflation and an important tool for economic policymakers.
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 countries. The Motor Cars component specifically tracks the prices paid by Hungarian consumers for new and used passenger vehicles, providing insights into broader automotive market trends.
Methodology
The data is collected through surveys of retailers and consumers by Hungary's Central Statistical Office.
Historical Context
Policymakers and analysts use the HICP Motor Cars metric to assess price dynamics in the Hungarian automotive market and its impact on overall consumer inflation.
Key Facts
- The HICP is harmonized across EU countries for comparability.
- Motor vehicles are a major component of the consumer price index.
- Hungary's HICP Motor Cars index has a base year of 2015.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Motor Cars in Hungary measures the price changes of passenger vehicles purchased by consumers in the country.
Q: Why is this trend relevant for users or analysts?
A: The HICP Motor Cars metric provides important insights into automotive market dynamics and their impact on overall consumer inflation, which is crucial information for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and consumers by Hungary's Central Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the HICP Motor Cars metric to assess price dynamics in the Hungarian automotive market and its impact on overall consumer inflation, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Motor Cars for Hungary (CP0711HUM086NEST), retrieved from FRED.