Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Hungary
HUNCPHP0700GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.20
Year-over-Year Change
-91.30%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Transport in Hungary measures changes in the prices of goods and services related to transportation, including fuel, vehicles, and public transit. This metric is a key indicator of consumer inflation and purchasing power.
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 Transport CPI for Hungary is part of the broader Harmonized Index of Consumer Prices (HICP), which tracks price changes across various consumer goods and services. The Transport CPI is a useful gauge of inflationary pressures and consumer behavior in this crucial economic sector.
Methodology
The Hungarian Central Statistical Office collects price data from a representative sample of retailers and service providers to calculate the monthly Transport CPI.
Historical Context
Policymakers and analysts use the Transport CPI to assess the overall cost of living and make informed decisions about economic and monetary policy.
Key Facts
- Hungary's Transport CPI has a base year of 1999.
- Transportation accounts for a significant portion of Hungarian household budgets.
- The Transport CPI is a component of the broader Harmonized Index of Consumer Prices (HICP).
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Transport in Hungary measures changes in the prices of goods and services related to transportation, including fuel, vehicles, and public transit.
Q: Why is this trend relevant for users or analysts?
A: The Transport CPI is a key indicator of consumer inflation and purchasing power, providing insights into the cost of living and consumer behavior in this crucial economic sector.
Q: How is this data collected or calculated?
A: The Hungarian Central Statistical Office collects price data from a representative sample of retailers and service providers to calculate the monthly Transport CPI.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Transport CPI to assess the overall cost of living and make informed decisions about economic and monetary policy.
Q: Are there update delays or limitations?
A: The Transport CPI for Hungary is published monthly, with occasional revisions to account for changes in data sources or methodology.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Hungary (HUNCPHP0700GYM), retrieved from FRED.