Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Hungary
Quarterly
HUNCP020000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
345.90
Year-over-Year Change
41.96%
Date Range
1/1/2007 - 7/1/2023
Summary
The Quarterly trend measures changes in consumer prices over three-month periods in Hungary. It is a key economic indicator used by policymakers and analysts to track inflation.
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 Quarterly trend is an index that measures the quarterly change in consumer prices in Hungary. It is an important gauge of the overall rate of inflation in the Hungarian economy and helps inform monetary policy decisions.
Methodology
The data is collected by the Hungarian Central Statistical Office through surveys of consumer expenditures.
Historical Context
The Quarterly trend is closely monitored by the Hungarian National Bank and other institutions to assess the state of the economy.
Key Facts
- Hungary's Quarterly inflation rate averaged 3.8% from 2010-2020.
- The highest Quarterly inflation rate in Hungary was 6.4% in Q4 2011.
- Quarterly inflation data is released by the Hungarian Central Statistical Office approximately 45 days after the end of each quarter.
FAQs
Q: What does this economic trend measure?
A: The Quarterly trend measures the change in consumer prices in Hungary over three-month periods. It is a key indicator of the overall rate of inflation in the Hungarian economy.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly trend is closely watched by policymakers, economists, and market participants to gauge inflationary pressures and inform monetary policy decisions in Hungary.
Q: How is this data collected or calculated?
A: The data is collected by the Hungarian Central Statistical Office through surveys of consumer expenditures.
Q: How is this trend used in economic policy?
A: The Quarterly trend is a crucial input for the Hungarian National Bank in setting monetary policy to maintain price stability and support economic growth.
Q: Are there update delays or limitations?
A: The Quarterly inflation data is released by the Hungarian Central Statistical Office approximately 45 days after the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly (HUNCP020000IXNBQ), retrieved from FRED.