Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Hungary
HUNCPHP0300IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.63
Year-over-Year Change
2.54%
Date Range
1/1/1996 - 3/1/2025
Summary
This economic trend measures the consumer price index for clothing and footwear in Hungary, a key indicator of consumer purchasing power and inflation.
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 Consumer Price Index for Clothing and Footwear in Hungary tracks the prices of a basket of consumer goods related to clothing and shoes. It is a subcomponent of the broader Consumer Price Index and a critical metric for monitoring household spending and inflationary pressures.
Methodology
This index is calculated by Hungary's Central Statistical Office based on a survey of retail prices.
Historical Context
The clothing and footwear CPI is closely watched by policymakers and analysts to assess the overall cost of living and consumer behavior.
Key Facts
- Hungary's clothing and footwear CPI has a base year of 2015.
- This index is published monthly by the Central Statistical Office.
- Clothing and footwear account for about 4% of the Hungarian CPI basket.
FAQs
Q: What does this economic trend measure?
A: This trend measures the consumer price index for clothing and footwear purchases in Hungary, a key component of the overall cost of living.
Q: Why is this trend relevant for users or analysts?
A: The clothing and footwear CPI is an important indicator of inflationary pressures and consumer purchasing power in Hungary.
Q: How is this data collected or calculated?
A: This index is calculated monthly by Hungary's Central Statistical Office based on a survey of retail prices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI subcomponent to assess overall inflation and cost of living, informing monetary and fiscal policies.
Q: Are there update delays or limitations?
A: This data is published monthly with no significant delays, providing timely insights into Hungarian consumer prices.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Hungary (HUNCPHP0300IXOBM), retrieved from FRED.