Harmonized Index of Consumer Prices: Footwear for Romania
CP0320ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
157.48
Year-over-Year Change
5.66%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices for Footwear in Romania measures the changes in retail prices of footwear products over time. This metric is a key indicator of inflationary pressures and consumer spending 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 European Union member states. The Footwear category tracks price changes for a basket of shoes, boots, and other footwear items purchased by Romanian consumers.
Methodology
The Romanian National Institute of Statistics collects price data from a sample of retail outlets to calculate the HICP Footwear index.
Historical Context
Policymakers and analysts use the HICP Footwear trend to assess inflationary dynamics and consumer behavior in the Romanian market.
Key Facts
- The base year for the HICP Footwear index is 2015 = 100.
- Footwear accounts for around 4% of the total Romanian consumer basket.
- Romania joined the EU in 2007 and began reporting HICP data.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Footwear in Romania tracks changes in retail prices for a basket of footwear products over time.
Q: Why is this trend relevant for users or analysts?
A: The HICP Footwear index is a key indicator of inflationary pressures and consumer spending patterns in the Romanian economy.
Q: How is this data collected or calculated?
A: The Romanian National Institute of Statistics collects price data from a sample of retail outlets to calculate the HICP Footwear index.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the HICP Footwear trend to assess inflationary dynamics and consumer behavior in the Romanian market.
Q: Are there update delays or limitations?
A: The HICP Footwear 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: Footwear for Romania (CP0320ROM086NEST), retrieved from FRED.