Harmonized Index of Consumer Prices: Fuels and Lubricants for Personal Transport Equipment for Romania
CP0722ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.70
Year-over-Year Change
1.95%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Fuels and Lubricants for Personal Transport Equipment measures changes in the prices paid by Romanian consumers for fuel and lubricants used in personal vehicles. This key economic indicator provides insights into inflationary pressures and consumer behavior.
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 inflation across European Union countries, allowing for international comparisons. The Fuels and Lubricants for Personal Transport Equipment component tracks a vital household expense, with relevance for policymakers assessing the state of the economy.
Methodology
The data is collected through a nationwide survey of consumer prices.
Historical Context
Trends in this index are closely monitored by the European Central Bank and other institutions to guide economic and monetary policy decisions.
Key Facts
- Romania's HICP for Fuels and Lubricants reached a record high in 2022.
- Fuel costs account for a significant portion of the average Romanian household budget.
- Changes in this index can impact consumer spending and broader economic activity.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Fuels and Lubricants for Personal Transport Equipment measures changes in the prices paid by Romanian consumers for fuel and lubricants used in personal vehicles.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into inflationary pressures and consumer behavior, making it a key metric for policymakers and economists assessing the state of the Romanian economy.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices.
Q: How is this trend used in economic policy?
A: Trends in this index are closely monitored by the European Central Bank and other institutions to guide economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the standard publication schedule and potential revisions common to economic indicators.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Fuels and Lubricants for Personal Transport Equipment for Romania (CP0722ROM086NEST), retrieved from FRED.