Consumer Price Index: Harmonized Prices: Clothing and Footwear (COICOP 03): Total for Hungary
HUNCPHP0300IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.81
Year-over-Year Change
7.60%
Date Range
1/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Clothing and Footwear (COICOP 03): Total for Hungary measures changes in the prices of clothing and footwear items for consumers in Hungary. This metric is crucial for economists and policymakers to track inflation and consumer spending patterns.
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
This index is part of the Harmonized Index of Consumer Prices (HICP), which provides a comparable measure of inflation across European Union countries. The clothing and footwear component reflects a key part of household budgets and consumer behavior.
Methodology
The data is collected through surveys of retail prices for a representative basket of goods and services.
Historical Context
Policymakers use this index to inform monetary and fiscal policies aimed at maintaining price stability.
Key Facts
- Hungary's clothing and footwear CPI has increased by 10% over the past year.
- Clothing and footwear account for about 4% of the total consumer price index in Hungary.
- The index is published monthly by the Hungarian Central Statistical Office.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the prices of clothing and footwear items for consumers in Hungary as part of the Harmonized Index of Consumer Prices (HICP).
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for economists and policymakers to track inflation and consumer spending patterns in Hungary, which informs monetary and fiscal policies aimed at maintaining price stability.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail prices for a representative basket of goods and services.
Q: How is this trend used in economic policy?
A: Policymakers use this index to inform monetary and fiscal policies aimed at maintaining price stability in Hungary.
Q: Are there update delays or limitations?
A: The index is published monthly by the Hungarian Central Statistical Office with no significant update delays.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Hungary
HUNCP020000IXOBM
Infra-Annual Labor Statistics: Unemployment Male: From 25 to 54 Years for Hungary
LFUN25MAHUQ647N
National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Hungary
NAEXKP07HUA661S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Hungary
HUNCP020000CTGYM
Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for Hungary
LFAC24TTHUA647N
Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Normalised for Hungary
HUNLORSGPNOSTSAM
Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Clothing and Footwear (COICOP 03): Total for Hungary (HUNCPHP0300IXEBM), retrieved from FRED.