Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Hungary
CPALTT01HUM659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.20
Year-over-Year Change
13.51%
Date Range
1/1/1981 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Hungary tracks changes in the prices of goods and services purchased by consumers, providing a measure of inflation. It is a key economic indicator used by policymakers and analysts to assess the country's economic conditions.
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 CPI for Hungary represents the overall price level of consumer goods and services, including food, housing, transportation, and other expenditures. It is a widely referenced metric for evaluating the purchasing power of the national currency and informing monetary policy decisions.
Methodology
The Hungarian Central Statistical Office collects price data from a sample of retail establishments and service providers to calculate the CPI.
Historical Context
The CPI is closely monitored by the Magyar Nemzeti Bank, Hungary's central bank, to help guide its monetary policy actions.
Key Facts
- The CPI for Hungary has a base year of 2015.
- Inflation in Hungary reached a multi-year high of 25.1% in January 2023.
- The CPI is used to adjust social benefits and government contracts for inflation.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Hungary measures the changes in the prices of a basket of consumer goods and services, providing a broad indicator of inflation in the country.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a crucial metric for assessing the cost of living, evaluating the purchasing power of the Hungarian forint, and informing monetary policy decisions by the central bank.
Q: How is this data collected or calculated?
A: The Hungarian Central Statistical Office collects price data from a sample of retail establishments and service providers to calculate the CPI.
Q: How is this trend used in economic policy?
A: The CPI is closely monitored by the Magyar Nemzeti Bank, Hungary's central bank, to help guide its monetary policy actions, such as interest rate adjustments, to maintain price stability.
Q: Are there update delays or limitations?
A: The CPI for Hungary is published monthly with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Hungary (CPALTT01HUM659N), retrieved from FRED.