Harmonized Index of Consumer Prices: Alcoholic Beverages, Tobacco and Narcotics for Romania
CP0200ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
176.82
Year-over-Year Change
5.07%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Alcoholic Beverages, Tobacco and Narcotics in Romania measures the changes in the prices of these products over time, providing insight into the cost of living and inflationary pressures in the country.
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 HICP is a standardized measure of consumer price inflation used across the European Union. This specific index tracks the prices of alcoholic drinks, tobacco, and recreational drugs, which are important components of household budgets and can have significant economic and public health implications.
Methodology
The data is collected through surveys of consumer purchases and retail prices.
Historical Context
This index is closely monitored by policymakers and economists to assess trends in consumer spending and the overall health of the Romanian economy.
Key Facts
- The HICP for Alcoholic Beverages, Tobacco and Narcotics in Romania has a base year of 2015.
- This index is one component of the overall HICP, which measures the cost of a representative basket of consumer goods and services.
- Tracking changes in this index can provide insights into consumer behavior and the impact of excise taxes or regulations on these products.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Alcoholic Beverages, Tobacco and Narcotics in Romania measures the changes in the prices of these products over time.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into the cost of living and inflationary pressures in Romania, as alcoholic drinks, tobacco, and recreational drugs are important components of household budgets.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer purchases and retail prices.
Q: How is this trend used in economic policy?
A: This index is closely monitored by policymakers and economists to assess trends in consumer spending and the overall health of the Romanian economy.
Q: Are there update delays or limitations?
A: The HICP data is published on a monthly basis, with a typical 2-3 week delay.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Alcoholic Beverages, Tobacco and Narcotics for Romania (CP0200ROM086NEST), retrieved from FRED.