Harmonized Index of Consumer Prices: Spirits for Romania
CP0211ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.02
Year-over-Year Change
3.66%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices for Spirits in Romania measures changes in the retail prices of alcoholic spirits over time. This metric is a key indicator of inflation and cost-of-living dynamics in the Romanian 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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation across the European Union. The Spirits component tracks price fluctuations for distilled alcoholic beverages in Romania, providing insights into consumer spending and broader economic conditions.
Methodology
The Romanian National Institute of Statistics collects price data from a representative sample of retail outlets to calculate the HICP for Spirits.
Historical Context
Policymakers at the European Central Bank and the National Bank of Romania closely monitor the HICP Spirits index to inform monetary and fiscal policy decisions.
Key Facts
- The HICP Spirits index has a base year of 2015 = 100.
- Spirits account for approximately 1.2% of the total Romanian consumer price basket.
- Prices of alcoholic spirits tend to be less volatile than other consumer goods.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Spirits in Romania measures the changes in retail prices of distilled alcoholic beverages over time.
Q: Why is this trend relevant for users or analysts?
A: The HICP Spirits index is a key indicator of inflation and consumer spending dynamics in the Romanian economy, which is relevant for policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The Romanian National Institute of Statistics collects price data from a representative sample of retail outlets to calculate the HICP for Spirits.
Q: How is this trend used in economic policy?
A: The European Central Bank and the National Bank of Romania monitor the HICP Spirits index to inform their monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The HICP Spirits data is published monthly with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Spirits for Romania (CP0211ROM086NEST), retrieved from FRED.