Producer Prices Index: Economic Activities: Industrial Activities: Total for Hungary
HUNPIEATI01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.11
Year-over-Year Change
-106.95%
Date Range
2/1/1992 - 12/1/2022
Summary
The Producer Prices Index for Industrial Activities in Hungary measures the changes in prices received by domestic producers for their output. This metric is a key indicator of inflationary pressures and industrial production trends in the Hungarian economy.
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 Producer Prices Index for Industrial Activities tracks the average change in prices received by Hungarian manufacturers, mining companies, and utilities providers for their goods and services. It is used by economists and policymakers to assess the state of domestic production, cost pressures, and the overall business environment.
Methodology
The data is collected through surveys of companies across various industrial sectors in Hungary.
Historical Context
Trends in this index are closely monitored by the Hungarian National Bank and other institutions for insights into monetary and fiscal policy decisions.
Key Facts
- Hungary's Producer Prices Index for Industrial Activities uses 2015 as the base year.
- The index covers over 30 industrial sectors, including manufacturing, mining, and utilities.
- Analysts track this metric to gauge the health of Hungary's industrial sector and inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for Industrial Activities in Hungary measures the average change in prices received by domestic producers for their industrial goods and services.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into inflationary pressures, production costs, and the overall business environment in Hungary's industrial sector, which is crucial for economic policymaking and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of companies across various industrial sectors in Hungary.
Q: How is this trend used in economic policy?
A: Trends in this index are closely monitored by the Hungarian National Bank and other institutions for insights into monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Producer Prices Index for Industrial Activities in Hungary is published monthly with a typical delay of 4-6 weeks.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Industrial Activities: Total for Hungary (HUNPIEATI01GPM), retrieved from FRED.