Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels for Hungary
Growth rate same period previous year, Monthly
HUNCP040000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.13
Year-over-Year Change
326.69%
Date Range
1/1/2008 - 4/1/2025
Summary
The growth rate same period previous year, monthly trend measures the year-over-year change in the Hungarian consumer price index, providing insights into inflation dynamics.
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
This economic indicator tracks the annual percentage change in the Hungarian consumer price index, a key measure of inflation. It is used by policymakers, economists, and analysts to assess price pressures and guide monetary policy decisions.
Methodology
The data is collected by the Hungarian Central Statistical Office through comprehensive consumer surveys.
Historical Context
This inflation gauge is closely monitored by the Hungarian National Bank and other institutions for its implications on economic and monetary policy.
Key Facts
- Hungary's inflation rate hit a peak of 25.1% in July 2022.
- The consumer price index is a weighted average of different goods and services.
- Inflation data is a crucial input for the Hungarian National Bank's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year change in the Hungarian consumer price index, which is the primary gauge of inflation in the country.
Q: Why is this trend relevant for users or analysts?
A: Inflation data is crucial for policymakers, economists, and investors to assess price pressures and make informed decisions about monetary policy, investments, and economic forecasting.
Q: How is this data collected or calculated?
A: The data is collected by the Hungarian Central Statistical Office through comprehensive consumer surveys and calculated as the annual percentage change in the consumer price index.
Q: How is this trend used in economic policy?
A: The Hungarian National Bank closely monitors this inflation gauge to guide its monetary policy decisions, such as setting interest rates, to maintain price stability and support economic growth.
Q: Are there update delays or limitations?
A: The data is released monthly, with a typical lag of around 2-3 weeks. There may be revisions to historical data as more information becomes available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (HUNCP040000GYM), retrieved from FRED.