Harmonized Index of Consumer Prices: Clothing Materials for Bulgaria
CP0311BGM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.24
Year-over-Year Change
0.62%
Date Range
12/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices for Clothing Materials tracks changes in the cost of textiles, sewing supplies, and other materials used for apparel in Bulgaria. This metric is a key indicator of consumer inflation and purchasing power in the Bulgarian clothing industry.
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 used across the European Union. The Clothing Materials component specifically looks at the prices of raw materials, fabrics, and accessories that go into clothing production and retail. This data helps economists and policymakers assess cost-of-living trends and consumer behavior in the Bulgarian fashion and textile sectors.
Methodology
The data is collected through a survey of retail establishments and producers by the National Statistical Institute of Bulgaria.
Historical Context
The HICP Clothing Materials index is used by the European Central Bank and Bulgarian government to inform monetary and fiscal policies.
Key Facts
- The base year for the HICP Clothing Materials index is 2015.
- Clothing materials account for approximately 4% of the overall HICP basket in Bulgaria.
- Prices for clothing materials have risen by 25% in Bulgaria since 2015.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Clothing Materials tracks the prices of textiles, sewing supplies, and other raw materials used in the Bulgarian apparel industry.
Q: Why is this trend relevant for users or analysts?
A: The HICP Clothing Materials index is a key indicator of consumer inflation and purchasing power in Bulgaria's fashion and textile sectors, which informs economic policymaking.
Q: How is this data collected or calculated?
A: The data is collected through a survey of retail establishments and producers by the National Statistical Institute of Bulgaria.
Q: How is this trend used in economic policy?
A: The HICP Clothing Materials index is used by the European Central Bank and Bulgarian government to inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Clothing Materials for Bulgaria (CP0311BGM086NEST), retrieved from FRED.