Harmonized Index of Consumer Prices: Clothing Materials for Romania
CP0311ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
143.72
Year-over-Year Change
6.01%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Clothing Materials for Romania measures the changes in prices of clothing materials purchased by Romanian consumers. This index is a key indicator of inflationary pressures and consumer purchasing power 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 used across the European Union. The Clothing Materials component tracks the prices of raw materials and intermediate goods used in the production of clothing, providing insight into the cost of manufacturing apparel in Romania.
Methodology
The data is collected through consumer price surveys by Eurostat, the statistical office of the European Union.
Historical Context
The HICP Clothing Materials index is used by policymakers and analysts to assess the overall cost of living and make informed decisions about monetary and fiscal policy in Romania.
Key Facts
- The base year for the Clothing Materials index is 2015.
- Romania joined the EU in 2007 and began reporting HICP data.
- Clothing accounts for around 5% of the total Romanian consumer price index.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Clothing Materials for Romania measures the changes in prices of raw materials and intermediate goods used in the production of clothing in Romania.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into inflationary pressures and the cost of living in Romania, which is important for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: The HICP Clothing Materials index is used by policymakers and analysts to assess the overall cost of living and make informed decisions about monetary and fiscal policy in Romania.
Q: Are there update delays or limitations?
A: The HICP data is published monthly by Eurostat with a lag of around one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Clothing Materials for Romania (CP0311ROM086NEST), retrieved from FRED.