Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Hungary
HUNCP040000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.44
Year-over-Year Change
-138.39%
Date Range
2/1/2007 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas and Other Fuels in Hungary measures changes in the prices of these essential household expenses. It is a key indicator of inflation and living costs for consumers.
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 Housing, Water, Electricity, Gas and Other Fuels tracks the price movements of a basket of goods and services related to housing and utilities in Hungary. It is used by policymakers, economists, and the public to understand trends in the cost of basic necessities.
Methodology
The data is collected through surveys of consumer expenditures and prices by the Hungarian Central Statistical Office.
Historical Context
This CPI component is closely monitored by the Hungarian National Bank and government in setting economic and social policies.
Key Facts
- Housing and utilities account for over 30% of the average Hungarian household's monthly expenditures.
- Prices in this CPI component have risen by 25% over the past 5 years.
- Tracking this CPI helps the central bank set appropriate monetary policy to manage inflation.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Housing, Water, Electricity, Gas and Other Fuels measures changes in the prices of these essential household goods and services in Hungary.
Q: Why is this trend relevant for users or analysts?
A: This CPI component is a key indicator of inflation and the cost of living for Hungarian consumers, informing economic policymaking and household budgeting decisions.
Q: How is this data collected or calculated?
A: The data is collected through consumer expenditure surveys and price tracking by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: The Housing and Utilities CPI is closely monitored by the Hungarian National Bank and government in setting appropriate monetary, fiscal, and social policies.
Q: Are there update delays or limitations?
A: The CPI data is published monthly with a short lag, providing timely insights into changing household costs and inflationary pressures.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Hungary (HUNCP040000GPM), retrieved from FRED.