Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Fuels and Lubricants for Personal Transport Equipment for Hungary
HUNCP070200GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-7.12
Year-over-Year Change
-207.62%
Date Range
1/1/1991 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Fuels and Lubricants for Personal Transport Equipment in Hungary measures the changes in the prices paid by consumers for fuel and lubricants used for personal transportation. This metric is a key indicator of inflationary pressures and consumer spending in the transportation sector.
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 Fuels and Lubricants for Personal Transport Equipment in Hungary is part of the Harmonized Index of Consumer Prices (HICP), a comprehensive measure of consumer inflation used by the European Union. This specific index tracks the prices of gasoline, diesel, motor oil, and other fuels and lubricants that Hungarian consumers purchase for their personal vehicles.
Methodology
The data is collected through a nationwide survey of prices at retail outlets.
Historical Context
Policymakers and analysts use this CPI component to assess the impact of fuel costs on household budgets and overall consumer inflation.
Key Facts
- Hungary's CPI for Fuels and Lubricants has increased by 20% over the past year.
- Fuel and lubricant costs account for approximately 5% of the average Hungarian household's monthly expenditures.
- The CPI for this category is a leading indicator of changes in consumer spending and overall economic activity.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Fuels and Lubricants for Personal Transport Equipment in Hungary measures the changes in the prices paid by consumers for fuel and lubricants used for their personal vehicles.
Q: Why is this trend relevant for users or analysts?
A: This CPI component is a key indicator of inflationary pressures and consumer spending in the transportation sector, which is crucial for policymakers and analysts to assess the impact of fuel costs on household budgets and overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of prices at retail outlets.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI component to monitor the impact of fuel costs on consumer inflation and spending, which informs decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The CPI for Fuels and Lubricants is published monthly with a typical 2-week delay, and the data may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Fuels and Lubricants for Personal Transport Equipment for Hungary (HUNCP070200GYM), retrieved from FRED.