Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Hungary
HUNCPHP1200GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.10
Year-over-Year Change
-116.67%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Harmonized Prices: Miscellaneous Goods and Services in Hungary measures changes in the prices of a basket of consumer goods and services. This broad-based economic indicator is closely monitored by policymakers to assess inflation pressures.
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 Harmonized Prices: Miscellaneous Goods and Services in Hungary is a key measure of consumer inflation. It tracks the weighted average change in prices for a representative basket of household purchases, including items like personal care, insurance, and other miscellaneous expenditures.
Methodology
The data is collected through surveys of retail establishments and service providers across Hungary.
Historical Context
This CPI metric is used by the Hungarian government, central bank, and economic analysts to gauge inflationary trends and inform monetary policy decisions.
Key Facts
- Covers over 12% of the consumer basket in Hungary.
- Indexed to a base year of 2015 = 100.
- Published monthly by the Hungarian Central Statistical Office.
FAQs
Q: What does this economic trend measure?
A: The CPI for Harmonized Prices: Miscellaneous Goods and Services in Hungary measures changes in the prices of a basket of consumer goods and services outside of the main categories like food, housing, and transportation.
Q: Why is this trend relevant for users or analysts?
A: This broad inflation measure is closely watched by policymakers, businesses, and consumers to assess the overall cost of living and price pressures in the Hungarian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and service providers across Hungary and aggregated into a weighted price index.
Q: How is this trend used in economic policy?
A: The Hungarian central bank and government use this CPI metric to monitor inflation and inform monetary policy decisions aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The CPI data is published monthly with a short lag, providing timely information on consumer inflation trends.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Hungary (HUNCPHP1200GPM), retrieved from FRED.