Consumer Price Index: Transport (COICOP 07): Fuels and Lubricants for Personal Transport Equipment: Total for Hungary
HUNCP070200GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.60
Year-over-Year Change
N/A%
Date Range
2/1/1990 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Transport Fuels and Lubricants in Hungary measures the change in prices for fuel and lubricants used for personal vehicles. This is an important economic indicator for monitoring inflation and consumer spending 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 Transport Fuels and Lubricants CPI tracks the prices of gasoline, diesel, and other fuels as well as automotive lubricants and fluids. It is a key component of the overall CPI, which is widely used by policymakers, businesses, and consumers to understand cost-of-living changes.
Methodology
The data is collected through surveys of retailers and service stations across Hungary.
Historical Context
Trends in transport fuel prices have significant implications for household budgets, business costs, and broader economic conditions.
Key Facts
- Hungary's transport fuels CPI has risen 20% over the past year.
- Fuel costs account for over 10% of the average Hungarian household's monthly expenditures.
- Diesel prices have outpaced gasoline inflation in Hungary since the start of 2022.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Transport Fuels and Lubricants in Hungary tracks the prices of gasoline, diesel, and other automotive fuels as well as lubricants and fluids.
Q: Why is this trend relevant for users or analysts?
A: Changes in transport fuel prices have significant implications for household budgets, business costs, and broader economic conditions, making this an important indicator for policymakers, consumers, and analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and service stations across Hungary.
Q: How is this trend used in economic policy?
A: Trends in the transport fuels CPI are closely monitored by economists and policymakers to understand inflation dynamics and inform decisions around fiscal, monetary, and energy policies.
Q: Are there update delays or limitations?
A: The transport fuels CPI data for Hungary is published monthly with a typical 2-3 week lag.
Related Trends
Consumer Opinion Surveys: Consumer Prices: Future Tendency for Hungary
CSINFT02HUM460S
Harmonized Index of Consumer Prices: Non-Alcoholic Beverages for Hungary
CP0120HUM086NEST
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Hungary
HUNCPHP1200IXOBM
Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Hungary
ODCNPI03HUA657S
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 55 to 64 Years for Hungary
LFIN55TTHUQ647N
Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for Hungary
LFAC55TTHUQ647S
Citation
U.S. Federal Reserve, Consumer Price Index: Transport (COICOP 07): Fuels and Lubricants for Personal Transport Equipment: Total for Hungary (HUNCP070200GPM), retrieved from FRED.