Harmonized Index of Consumer Prices: Communications for Croatia
CP0800HRM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.14
Year-over-Year Change
0.72%
Date Range
1/1/1998 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Communications for Croatia measures the price changes of communication goods and services purchased by Croatian households. This key economic indicator provides insight into inflationary pressures and consumer spending patterns in the communications sector.
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 standardized measure of inflation used across the European Union. The Communications component specifically tracks price changes for items like telephone and internet services, postal charges, and equipment. Analyzing this data helps policymakers and analysts understand consumer behavior and the broader economic climate.
Methodology
The Croatian Bureau of Statistics collects price data from a representative sample of businesses and households to calculate the HICP: Communications index.
Historical Context
Central banks and finance ministries use HICP data to inform monetary and fiscal policies aimed at price stability and economic growth.
Key Facts
- The base year for the HICP: Communications index is 2015 = 100.
- Croatia joined the Eurozone in 2023, aligning its HICP data with EU standards.
- Communication costs make up about 3.5% of the total Croatian consumer price index.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Communications for Croatia measures the price changes of communication goods and services purchased by Croatian households.
Q: Why is this trend relevant for users or analysts?
A: Analyzing HICP: Communications data provides insight into inflationary pressures and consumer spending patterns in Croatia's telecommunications sector, which is useful for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The Croatian Bureau of Statistics collects price data from a representative sample of businesses and households to calculate the HICP: Communications index.
Q: How is this trend used in economic policy?
A: Central banks and finance ministries use HICP data, including the Communications component, to inform monetary and fiscal policies aimed at price stability and economic growth.
Q: Are there update delays or limitations?
A: HICP data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Communications for Croatia (CP0800HRM086NEST), retrieved from FRED.