Harmonized Index of Consumer Prices: Cleaning, Repair and Hire of Clothing for Romania
CP0314ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
166.89
Year-over-Year Change
8.48%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Cleaning, Repair and Hire of Clothing in Romania measures changes in the prices paid by Romanian consumers for these services over time. This index is a key indicator of inflation and a critical tool for economic policymakers.
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 across European Union member states. The Cleaning, Repair and Hire of Clothing component specifically tracks price changes for services related to the maintenance and upkeep of clothing and textiles.
Methodology
The data is collected through a nationwide survey of consumer prices by Romania's National Institute of Statistics.
Historical Context
Policymakers use the HICP to monitor price stability and guide monetary policy decisions.
Key Facts
- Romania's HICP for Clothing Services has risen by 10% over the past 5 years.
- Clothing maintenance costs make up about 2% of the typical Romanian consumer's spending basket.
- The HICP is harmonized across the EU to allow for cross-country price comparisons.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Cleaning, Repair and Hire of Clothing in Romania measures changes in the prices paid by Romanian consumers for these clothing-related services.
Q: Why is this trend relevant for users or analysts?
A: The HICP is a key indicator of inflation and an important tool for economic policymakers in monitoring price stability and guiding monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices by Romania's National Institute of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers use the HICP to monitor price stability and guide monetary policy decisions in Romania and across the European Union.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a typical 2-3 week delay.
Related Trends
Harmonized Index of Consumer Prices: Goods and Services for Routine Household Maintenance for Romania
CP0560ROM086NEST
Value of Exports to Romania from Missouri
MOROUA052SCEN
Use of Financial Services Deposit Accounts: Accounts at Insurance Corporations for Romania
ROUFCAOFINUM
Harmonized Index of Consumer Prices: Bread and Cereals for Romania
CP0111ROM086NEST
Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Romania
ROUCCUSMA02STM
Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 1000 Km2 for Romania
ROUFCBODUKNUM
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Cleaning, Repair and Hire of Clothing for Romania (CP0314ROM086NEST), retrieved from FRED.