Harmonized Index of Consumer Prices: Other Purchased Transport Services for Romania
CP0736ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
161.28
Year-over-Year Change
7.56%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Other Purchased Transport Services for Romania measures changes in the prices of transportation services in Romania, excluding private vehicles. This metric is crucial for evaluating inflation and consumer purchasing power.
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 key economic indicator used to track and compare inflation across European Union member states. The 'Other Purchased Transport Services' component specifically looks at the prices of public transportation, taxis, and other non-vehicle-related travel expenses.
Methodology
The data is collected through surveys of consumers and service providers by Romania's National Institute of Statistics.
Historical Context
Policymakers and analysts use this HICP component to assess the overall cost of living and make informed decisions about monetary and fiscal policies.
Key Facts
- Romania joined the European Union in 2007.
- The HICP is measured on a scale of 100, with the base year set to 2015.
- Transportation costs make up approximately 13% of the Romanian consumer price index.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Other Purchased Transport Services for Romania measures changes in the prices of public transportation, taxis, and other non-vehicle-related travel expenses in Romania.
Q: Why is this trend relevant for users or analysts?
A: This HICP component is crucial for evaluating inflation and consumer purchasing power in Romania, as transportation costs are a significant part of the overall cost of living.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumers and service providers by Romania's National Institute of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP component to assess the overall cost of living in Romania and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The HICP data is typically published monthly with a short delay, providing timely information on price trends.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Other Purchased Transport Services for Romania (CP0736ROM086NEST), retrieved from FRED.