Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Hungary
HUNCP020000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
346.30
Year-over-Year Change
10.25%
Date Range
1/1/2007 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Hungary measures price changes over time for this category of consumer goods and services.
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 Alcoholic Beverages, Tobacco and Narcotics series tracks inflation for a basket of these products in Hungary. It is a key economic indicator used by policymakers, analysts, and consumers to understand cost-of-living trends.
Methodology
The Hungarian Central Statistical Office collects retail price data from a sample of vendors to calculate this monthly CPI index.
Historical Context
Trends in this CPI category provide insights into consumer demand and spending patterns related to these products.
Key Facts
- Hungary's CPI for Alcoholic Beverages, Tobacco and Narcotics has a base year of 2015.
- This CPI category accounts for approximately 3.5% of the total Hungarian consumer price index basket.
- Prices in this category have risen by an average of 4.2% annually over the past decade in Hungary.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Hungary tracks price changes over time for this category of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: Trends in this CPI category provide insights into consumer demand and spending patterns related to alcoholic beverages, tobacco, and narcotics in Hungary.
Q: How is this data collected or calculated?
A: The Hungarian Central Statistical Office collects retail price data from a sample of vendors to calculate this monthly CPI index.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and consumers use this CPI category to understand cost-of-living trends and inflation dynamics in Hungary.
Q: Are there update delays or limitations?
A: The CPI Alcoholic Beverages, Tobacco and Narcotics data for Hungary is published monthly with a typical 2-3 week lag.
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Citation
U.S. Federal Reserve, Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Hungary (HUNCP020000IXNBM), retrieved from FRED.