Harmonized Index of Consumer Prices: Household Textiles for Romania
CP0520ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
135.10
Year-over-Year Change
4.70%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Household Textiles for Romania measures changes in the prices paid by Romanian consumers for household textile products. This economic indicator provides valuable insights into inflationary pressures and consumer spending patterns.
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 widely-used metric that tracks the average change in prices of a basket of consumer goods and services across the European Union. The Household Textiles component specifically focuses on the price dynamics of home textile products, such as bedding, curtains, and towels.
Methodology
The data is collected through surveys of consumer prices by national statistical agencies and compiled by Eurostat.
Historical Context
This index is closely monitored by policymakers and economists to assess the state of the Romanian economy and inform fiscal and monetary policy decisions.
Key Facts
- The base year for the Harmonized Index of Consumer Prices is 2015.
- Household Textiles account for approximately 0.6% of the total HICP basket in Romania.
- Romania joined the European Union in 2007 and began reporting HICP data.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Household Textiles for Romania measures the changes in prices paid by Romanian consumers for household textile products, such as bedding, curtains, and towels.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into inflationary pressures and consumer spending patterns in Romania, which are closely monitored by policymakers and economists to assess the state of the Romanian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices by national statistical agencies in Romania and compiled by Eurostat.
Q: How is this trend used in economic policy?
A: The Harmonized Index of Consumer Prices, including the Household Textiles component, is used by policymakers and economists to inform fiscal and monetary policy decisions in Romania and across the European Union.
Q: Are there update delays or limitations?
A: The Harmonized Index of Consumer Prices data is typically published with a one-month lag, and the methodology and basket composition may be subject to periodic revisions by Eurostat.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Household Textiles for Romania (CP0520ROM086NEST), retrieved from FRED.