Hungary - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Hungary was 132.11 as of 2021. As the graph below shows, over the past 49 years this indicator reached a maximum value of 132.11 in 2021 and a minimum value of 2.24 in 1972.

Definition: Consumer price index reflects changes in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Data are period averages.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1972 2.24
1973 2.31
1974 2.35
1975 2.44
1976 2.57
1977 2.67
1978 2.80
1979 3.05
1980 3.33
1981 3.49
1982 3.72
1983 4.00
1984 4.33
1985 4.63
1986 4.88
1987 5.30
1988 6.14
1989 7.19
1990 9.23
1991 12.44
1992 15.39
1993 18.84
1994 22.40
1995 28.74
1996 35.48
1997 41.98
1998 47.92
1999 52.71
2000 57.88
2001 63.15
2002 66.48
2003 69.58
2004 74.27
2005 76.92
2006 79.94
2007 86.30
2008 91.51
2009 95.37
2010 100.00
2011 103.93
2012 109.80
2013 111.71
2014 111.45
2015 111.38
2016 111.82
2017 114.45
2018 117.71
2019 121.64
2020 125.69
2021 132.11

Development Relevance: A general and continuing increase in an economy’s price level is called inflation. The increase in the average prices of goods and services in the economy should be distinguished from a change in the relative prices of individual goods and services. Generally accompanying an overall increase in the price level is a change in the structure of relative prices, but it is only the average increase, not the relative price changes, that constitutes inflation. A commonly used measure of inflation is the consumer price index, which measures the prices of a representative basket of goods and services purchased by a typical household. The consumer price index is usually calculated on the basis of periodic surveys of consumer prices. Other price indices are derived implicitly from indexes of current and constant price series.

Limitations and Exceptions: Consumer price indexes should be interpreted with caution. The definition of a household, the basket of goods, and the geographic (urban or rural) and income group coverage of consumer price surveys can vary widely by country. In addition, weights are derived from household expenditure surveys, which, for budgetary reasons, tend to be conducted infrequently in developing countries, impairing comparability over time. Although useful for measuring consumer price inflation within a country, consumer price indexes are of less value in comparing countries.

Statistical Concept and Methodology: Consumer price indexes are constructed explicitly, using surveys of the cost of a defined basket of consumer goods and services.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices