Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing: Total for Hungary
Monthly
HUNCP040100GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.33
Year-over-Year Change
-79.30%
Date Range
2/1/2000 - 11/1/2023
Summary
The Monthly Economic Indicator (HUNCP040100GPM) tracks changes in monthly consumer prices for Hungary, providing insights into inflation and cost of living trends.
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 Monthly Economic Indicator measures the monthly percentage change in consumer prices across a broad basket of goods and services in Hungary. It is a key metric used by economists and policymakers to monitor and manage inflation in the Hungarian economy.
Methodology
The data is collected through a nationwide survey of consumer prices conducted by the Hungarian Central Statistical Office.
Historical Context
This indicator helps inform monetary policy decisions and economic forecasting in Hungary.
Key Facts
- Hungary's Monthly Economic Indicator has averaged 0.3% growth over the past 5 years.
- The indicator reached a high of 1.7% in June 2022, signaling rising inflationary pressures.
- Policymakers closely monitor this metric to inform interest rate and other monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Monthly Economic Indicator (HUNCP040100GPM) measures the monthly percentage change in consumer prices across a broad basket of goods and services in Hungary.
Q: Why is this trend relevant for users or analysts?
A: This indicator is a key metric used by economists and policymakers to monitor and manage inflation in the Hungarian economy, helping to inform monetary policy decisions and economic forecasting.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices conducted by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: The Monthly Economic Indicator helps inform monetary policy decisions in Hungary, as policymakers closely monitor this metric to guide interest rate and other policy adjustments.
Q: Are there update delays or limitations?
A: The data is published monthly by the Hungarian Central Statistical Office, with typical release delays of 2-3 weeks.
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Citation
U.S. Federal Reserve, Monthly Economic Indicator (HUNCP040100GPM), retrieved from FRED.