Consumer Price Index: Harmonized Prices: All Items: Total for Hungary
CPHPTT01HUM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: All Items: Total for Hungary measures the overall price changes for consumer goods and services in Hungary. It is a key indicator of inflation and a critical 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 Consumer Price Index (CPI) is a widely used measure of inflation that tracks the prices of a basket of consumer goods and services over time. The harmonized CPI for Hungary provides a standardized metric for comparing price changes across the European Union.
Methodology
The data is collected through surveys of consumer purchases and calculated as a weighted average of price changes.
Historical Context
Policymakers use the Hungarian CPI to inform monetary and fiscal policies aimed at maintaining price stability.
Key Facts
- Hungary's CPI reached a high of 25.1% in 1991 during the transition to a market economy.
- The CPI is measured on a 2015 base year, with a value of 100 representing 2015 price levels.
- Hungary joined the European Union in 2004 and adopted the harmonized CPI framework.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Harmonized Prices: All Items: Total for Hungary measures the overall change in prices for consumer goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: The Hungarian CPI is a critical indicator of inflation that informs economic and monetary policy decisions, as well as consumer and business expectations.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer purchases and calculated as a weighted average of price changes.
Q: How is this trend used in economic policy?
A: Policymakers use the Hungarian CPI to monitor and manage inflation, setting interest rates and other policies to maintain price stability.
Q: Are there update delays or limitations?
A: The Hungarian CPI data is typically published on a monthly basis with a short lag, providing timely information for policymakers and analysts.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: All Items: Total for Hungary (CPHPTT01HUM657N), retrieved from FRED.