Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Water Supply and Miscellaneous Services Relating to the Dwelling for Hungary
HUNCPHP0404GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/2001 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas and Other Fuels measures changes in the cost of these essential household items in Hungary. This metric is a key indicator of inflation and consumer spending trends.
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 Housing, Water, Electricity, Gas and Other Fuels series tracks the prices of utilities, maintenance, and other dwelling-related costs in Hungary. It is a crucial component of the overall CPI and helps economists and policymakers understand changes in the cost of living.
Methodology
This data is collected through surveys of Hungarian households and businesses.
Historical Context
Trends in this CPI component can inform monetary and fiscal policy decisions aimed at managing inflation and supporting consumer purchasing power.
Key Facts
- Housing, utilities, and related costs make up around 25% of the Hungarian CPI basket.
- Prices in this category have risen by an average of 3.5% annually over the past decade.
- Fluctuations in this CPI component can significantly impact household budgets and consumer spending patterns.
FAQs
Q: What does this economic trend measure?
A: This metric measures changes in the prices of housing, water, electricity, gas, and other fuels for households in Hungary.
Q: Why is this trend relevant for users or analysts?
A: Trends in this CPI component provide valuable insights into inflationary pressures and the cost of living for Hungarian consumers.
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: Policymakers monitor this CPI component to inform decisions on monetary policy, fiscal measures, and support for household budgets.
Q: Are there update delays or limitations?
A: This data is released monthly by the Hungarian Central Statistical Office, with a typical lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Water Supply and Miscellaneous Services Relating to the Dwelling for Hungary (HUNCPHP0404GPM), retrieved from FRED.