Harmonized Index of Consumer Prices: Carpets and Other Floor Coverings for Romania
CP0512ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.47
Year-over-Year Change
4.46%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Carpets and Other Floor Coverings for Romania tracks the change in prices for carpets and other floor coverings in the Romanian consumer market. This metric is a key indicator of inflation and consumer purchasing power.
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 Carpets and Other Floor Coverings index is one of the many subcomponents that make up the overall HICP, providing insights into a specific consumer good category.
Methodology
The data is collected through regular price surveys of a representative sample of businesses.
Historical Context
Trends in the HICP for carpets and floor coverings are monitored by policymakers, economists, and businesses to understand shifts in Romanian consumer spending and inflationary pressures.
Key Facts
- Romania joined the European Union in 2007.
- Carpets and floor coverings account for about 0.4% of the Romanian consumer basket.
- The index uses 2015 as its base year.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Carpets and Other Floor Coverings for Romania tracks the change in prices for carpets and floor coverings purchased by consumers in Romania.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into inflationary pressures and consumer spending patterns in the Romanian market, which is important for policymakers, businesses, and economists analyzing the overall health of the Romanian economy.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys of a representative sample of businesses selling carpets and floor coverings in Romania.
Q: How is this trend used in economic policy?
A: Trends in the HICP for carpets and floor coverings are monitored by the European Central Bank and Romanian policymakers to understand inflationary dynamics and make informed monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP 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: Carpets and Other Floor Coverings for Romania (CP0512ROM086NEST), retrieved from FRED.