Harmonized Index of Consumer Prices: Spares Parts and Accessories for Personal Transport Equipment for Romania
CP0721ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
141.92
Year-over-Year Change
4.33%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Spare Parts and Accessories for Personal Transport Equipment in Romania measures the changes in prices paid by consumers for this category of goods and services. This metric is a key indicator of inflation and consumer spending trends 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 HICP is a standardized measure of consumer price inflation across the European Union. The Spare Parts and Accessories for Personal Transport Equipment component tracks the prices of items like replacement parts, tools, and accessories for private vehicles. This data is used by policymakers and analysts to understand broader price and consumption dynamics.
Methodology
The HICP data is collected through surveys of consumer transactions and compiled by Eurostat, the European Union's statistical agency.
Historical Context
The HICP is a crucial input for the European Central Bank's monetary policy decisions.
Key Facts
- The HICP is a harmonized measure used across the EU.
- Spare parts and accessories account for about 0.7% of the total Romanian HICP basket.
- Prices in this category have risen by an average of 2.3% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Spare Parts and Accessories for Personal Transport Equipment in Romania tracks the changes in prices paid by consumers for these goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of inflation and consumer spending dynamics in the Romanian economy, which is used by policymakers and analysts to inform their decisions.
Q: How is this data collected or calculated?
A: The HICP data is collected through surveys of consumer transactions and compiled by Eurostat, the European Union's statistical agency.
Q: How is this trend used in economic policy?
A: The HICP is a crucial input for the European Central Bank's monetary policy decisions, as it helps assess price stability and inflationary pressures across the Eurozone.
Q: Are there update delays or limitations?
A: The HICP data is typically published on a monthly basis with a short lag, providing timely information on price trends.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Spares Parts and Accessories for Personal Transport Equipment for Romania (CP0721ROM086NEST), retrieved from FRED.