Harmonized Index of Consumer Prices: Overall Index Excluding Frequent Out-of-Pocket Purchases for Bulgaria
00XFROBGM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.70
Year-over-Year Change
-1.12%
Date Range
1/1/1997 - 1/1/2016
Summary
The Harmonized Index of Consumer Prices: Overall Index Excluding Frequent Out-of-Pocket Purchases for Bulgaria measures changes in the prices of goods and services excluding certain volatile consumer purchases in Bulgaria.
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 inflation in Bulgaria, excluding costs like rent, utilities, and other expenses that consumers pay frequently out-of-pocket. It provides a more stable measure of underlying price trends compared to the headline consumer price index.
Methodology
The data is collected through surveys of retail establishments and service providers across Bulgaria.
Historical Context
This index is closely monitored by the Bulgarian government and European Central Bank for policy decisions.
Key Facts
- Bulgaria's HICP excluding frequent purchases was 123.9 in December 2022.
- This index excludes highly volatile costs like rent and energy.
- The index is harmonized across EU countries for comparable inflation data.
FAQs
Q: What does this economic trend measure?
A: This index tracks changes in the prices of goods and services in Bulgaria, excluding certain frequent out-of-pocket purchases by consumers.
Q: Why is this trend relevant for users or analysts?
A: This provides a more stable measure of underlying inflation in Bulgaria compared to the headline consumer price index, which is important for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and service providers across Bulgaria.
Q: How is this trend used in economic policy?
A: This index is closely monitored by the Bulgarian government and European Central Bank to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a short lag, providing timely data on inflation trends in Bulgaria.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Overall Index Excluding Frequent Out-of-Pocket Purchases for Bulgaria (00XFROBGM086NEST), retrieved from FRED.