Harmonized Index of Consumer Prices: Footwear for Bulgaria
CP0320BGM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.73
Year-over-Year Change
-1.30%
Date Range
12/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Footwear in Bulgaria tracks changes in the cost of a fixed basket of consumer goods and services. This metric is a key indicator of inflation and an important data point for policymakers and economists.
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 for Footwear in Bulgaria is a component of the broader HICP, which measures the change in prices paid by consumers in the country. The Footwear index specifically focuses on tracking price fluctuations for a representative sample of footwear products over time.
Methodology
The HICP data is collected through regular surveys of retailers and service providers across Bulgaria.
Historical Context
Central banks and finance ministries closely monitor HICP trends to inform monetary and fiscal policy decisions.
Key Facts
- HICP is harmonized across EU countries for consistent comparison.
- Footwear accounts for around 3.5% of the total HICP basket in Bulgaria.
- HICP data is released monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Footwear in Bulgaria tracks changes in the retail prices paid by consumers for a representative basket of footwear products.
Q: Why is this trend relevant for users or analysts?
A: The HICP Footwear index is a key indicator of inflationary pressures and changes in the cost of living in Bulgaria. It provides valuable insights for policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The HICP data is collected through regular surveys of retailers and service providers across Bulgaria, then aggregated and calculated by Eurostat.
Q: How is this trend used in economic policy?
A: Central banks and finance ministries closely monitor HICP trends, including the Footwear component, to inform monetary and fiscal policy decisions aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The HICP Footwear data for Bulgaria is released monthly by Eurostat with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Footwear for Bulgaria (CP0320BGM086NEST), retrieved from FRED.