Consumer Price Index: OECD Groups: Housing: Housing Excluding Imputed Rentals for Housing for Hungary
HUNCPGRHO02GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.38
Year-over-Year Change
-73.31%
Date Range
2/1/2000 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Housing Excluding Imputed Rentals for Housing in Hungary tracks changes in the cost of housing, a key component of the consumer price basket. This metric provides insight into inflationary pressures in the Hungarian housing market.
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 Housing Excluding Imputed Rentals for Housing in Hungary is a subcategory of the overall CPI that focuses specifically on the costs associated with housing, excluding the imputed rental value of owner-occupied dwellings. This indicator helps economists and policymakers understand inflationary trends in the Hungarian housing sector.
Methodology
The data is collected through a survey of consumer prices and calculated according to standard CPI methodology.
Historical Context
Trends in the CPI for Housing Excluding Imputed Rentals for Housing are closely monitored by the Hungarian National Bank and other economic policymakers.
Key Facts
- The CPI for Housing Excluding Imputed Rentals for Housing accounts for over 25% of the total CPI basket in Hungary.
- Housing costs have been a significant driver of overall inflation in Hungary in recent years.
- The Hungarian National Bank closely monitors this metric as part of its inflation targeting framework.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Housing Excluding Imputed Rentals for Housing in Hungary tracks changes in the cost of housing, a key component of the consumer price basket.
Q: Why is this trend relevant for users or analysts?
A: Trends in the CPI for Housing Excluding Imputed Rentals for Housing provide important insights into inflationary pressures in the Hungarian housing market, which is a crucial factor for economic policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through a survey of consumer prices and calculated according to standard CPI methodology.
Q: How is this trend used in economic policy?
A: Trends in the CPI for Housing Excluding Imputed Rentals for Housing are closely monitored by the Hungarian National Bank and other economic policymakers as part of their inflation targeting and monetary policy frameworks.
Q: Are there update delays or limitations?
A: The CPI for Housing Excluding Imputed Rentals for Housing data is typically released on a monthly basis, with a short lag time, and is considered a reliable and comprehensive measure of housing costs in Hungary.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Housing: Housing Excluding Imputed Rentals for Housing for Hungary (HUNCPGRHO02GPM), retrieved from FRED.