Production: Manufacturing: Total Manufacturing for Hungary
Index Eurostat base, Monthly, Not Seasonally Adjusted
HUNPRMNTO01IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.70
Year-over-Year Change
-2.00%
Date Range
1/1/2000 - 10/1/2023
Summary
The Index Eurostat base, Monthly, Not Seasonally Adjusted trend measures changes in the price level of consumer goods and services in Hungary on a monthly basis without adjustment for seasonal variations.
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
This index tracks the overall inflation rate in Hungary by measuring the average change in prices paid by consumers for a basket of goods and services. It is a key indicator used by economists and policymakers to assess the health of the Hungarian economy.
Methodology
The data is collected through surveys of consumer expenditures and calculated by Eurostat.
Historical Context
The index is used to inform monetary policy decisions and track the impact of economic conditions on household purchasing power.
Key Facts
- Hungary's consumer price index has risen by over 20% in the past year.
- The index reached a record high in 2022 amid global supply chain disruptions.
- Central bank policy aims to stabilize the index within the 2-4% target range.
FAQs
Q: What does this economic trend measure?
A: The Index Eurostat base, Monthly, Not Seasonally Adjusted measures changes in the overall price level of consumer goods and services in Hungary on a monthly basis without adjustment for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation in Hungary, providing insights into consumer purchasing power and informing monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and calculated by Eurostat.
Q: How is this trend used in economic policy?
A: The index is used by the Hungarian central bank and other policymakers to monitor inflation and guide monetary policy decisions to maintain price stability.
Q: Are there update delays or limitations?
A: The index is released monthly with a slight delay, and may not fully capture all changes in consumer prices due to the sampling methodology.
Related Trends
Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Hungary
HUNCP010000GPM
Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Hungary
LFHU24TTHUA647N
Inflation, consumer prices for Hungary
FPCPITOTLZGHUN
Infra-Annual Labor Statistics: Labor Force Male: From 25 to 54 Years for Hungary
LFAC25MAHUQ647N
Producer Prices Index: Economic Activities: Energy: Total for Hungary
HUNPIEAEN01GPM
Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for Hungary
MANMM101HUM189S
Citation
U.S. Federal Reserve, Index Eurostat base, Monthly, Not Seasonally Adjusted (HUNPRMNTO01IXEBM), retrieved from FRED.