Consumer Price Index: Recreation and Culture (COICOP 09): Total for Hungary
HUNCP090000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.55
Year-over-Year Change
-71.71%
Date Range
2/1/2007 - 11/1/2023
Summary
The Consumer Price Index for Recreation and Culture in Hungary measures changes in the prices of goods and services related to recreational activities, cultural events, and hobbies. This metric is a key indicator of consumer spending patterns and inflationary pressures in the Hungarian economy.
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 Recreation and Culture CPI tracks the prices of a basket of goods and services that represent household spending on entertainment, leisure, and cultural activities. It is used by economists and policymakers to assess trends in consumer demand and the overall cost of living in Hungary.
Methodology
The data is collected through surveys of Hungarian households and businesses.
Historical Context
The Recreation and Culture CPI provides important context for the Central Bank of Hungary's monetary policy decisions.
Key Facts
- The CPI for Recreation and Culture accounts for about 7% of the total Hungarian CPI basket.
- Prices in this category have risen by an average of 4% per year over the past decade.
- Spending on recreation and culture makes up around 10% of total household expenditures in Hungary.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Recreation and Culture measures changes in the prices of goods and services related to recreational activities, cultural events, and hobbies in Hungary.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into consumer spending patterns and inflationary pressures in the Hungarian economy, which is useful for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Hungarian households and businesses.
Q: How is this trend used in economic policy?
A: The Recreation and Culture CPI provides important context for the Central Bank of Hungary's monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Recreation and Culture (COICOP 09): Total for Hungary (HUNCP090000GPM), retrieved from FRED.