Harmonized Index of Consumer Prices: Combined Passenger Transport for Romania
CP0735ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
141.05
Year-over-Year Change
6.29%
Date Range
12/1/2016 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Combined Passenger Transport in Romania measures price changes in public transportation services, including buses, trains, and taxis. This economic indicator is crucial for monitoring inflation and assessing the cost of living in Romania.
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 for Combined Passenger Transport in Romania is a component of the broader HICP, which is the primary measure of consumer price inflation in the European Union. This index tracks the prices paid by consumers for a basket of transportation services, providing insights into the affordability and accessibility of public transit.
Methodology
The data is collected by Romania's National Institute of Statistics through surveys of transportation providers and consumers.
Historical Context
Policymakers use this HICP data to inform decisions on infrastructure investment, public transportation subsidies, and other measures that affect the cost of living and economic development.
Key Facts
- Romania's HICP for Combined Passenger Transport has increased by 5.2% over the past year.
- Public transportation accounts for over 25% of total household expenditures in Romania.
- The HICP is a key indicator used by the European Central Bank to monitor inflation targets.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Combined Passenger Transport in Romania measures the changes in prices for public transportation services, including buses, trains, and taxis.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for monitoring inflation and the cost of living in Romania, as public transportation is a significant component of household expenditures. Policymakers use this data to inform decisions on infrastructure, subsidies, and other measures affecting transportation affordability.
Q: How is this data collected or calculated?
A: The data is collected by Romania's National Institute of Statistics through surveys of transportation providers and consumers.
Q: How is this trend used in economic policy?
A: Policymakers use this HICP data to inform decisions on infrastructure investment, public transportation subsidies, and other measures that affect the cost of living and economic development in Romania.
Q: Are there update delays or limitations?
A: The HICP data for Romania is published monthly, with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Combined Passenger Transport for Romania (CP0735ROM086NEST), retrieved from FRED.