Harmonized Index of Consumer Prices: Tools and Equipment for House and Garden for Romania
CP0550ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
148.74
Year-over-Year Change
6.25%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Tools and Equipment for House and Garden in Romania tracks changes in the prices paid by Romanian consumers for a basket of household maintenance goods.
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 key economic indicator used to measure inflation and price stability within the European Union. The Tools and Equipment for House and Garden index specifically reflects trends in the prices of items like hand tools, gardening equipment, and other household maintenance products.
Methodology
The data is collected through a survey of consumer prices by Eurostat, the statistical office of the European Union.
Historical Context
Policymakers and analysts use this HICP index to assess inflationary pressures and inform monetary policy decisions.
Key Facts
- The HICP is a standardized inflation measure used across the EU.
- The Tools and Equipment for House and Garden index is one of over 100 HICP sub-indices.
- 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 (HICP) for Tools and Equipment for House and Garden in Romania tracks changes in the prices paid by Romanian consumers for household maintenance goods.
Q: Why is this trend relevant for users or analysts?
A: This HICP index is a key indicator of inflationary pressures in the Romanian economy and is used by policymakers to inform monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through a survey of consumer prices by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP index to assess inflationary pressures and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a typical lag of around 2 months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Tools and Equipment for House and Garden for Romania (CP0550ROM086NEST), retrieved from FRED.