Harmonized Index of Consumer Prices: Transport Services for Hungary
CP0730HUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.78
Year-over-Year Change
-1.69%
Date Range
12/1/2000 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices for Transport Services in Hungary measures price changes in the transportation sector, a key component of the overall consumer price index.
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
This index tracks the prices paid by Hungarian consumers for a basket of transportation-related goods and services, including public transportation, vehicle maintenance, and fuel. It is a valuable economic indicator for analyzing inflation and consumer spending trends.
Methodology
The data is collected through surveys of Hungarian households and businesses by the national statistical agency.
Historical Context
The transport services index is closely monitored by policymakers and analysts to assess the state of the Hungarian economy and cost-of-living pressures.
Key Facts
- Hungary's transport services index rose 5.2% in the past year.
- Fuel prices are the largest component of the transport services index.
- The 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 for Transport Services in Hungary measures price changes for a basket of transportation-related goods and services purchased by Hungarian consumers.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial indicator of inflation and consumer spending patterns in the Hungarian economy, with implications for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Hungarian households and businesses by the national statistical agency.
Q: How is this trend used in economic policy?
A: The transport services index is closely monitored by the European Central Bank and Hungarian policymakers to assess inflationary pressures and make informed monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a relatively short lag, providing timely data for analysis.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Transport Services for Hungary (CP0730HUM086NEST), retrieved from FRED.