Harmonized Index of Consumer Prices: Telephone and Telefax Equipment for Romania
CP0820ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.10
Year-over-Year Change
2.82%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Telephone and Telefax Equipment for Romania tracks the changes in prices of telephone and telefax equipment for consumers in Romania. This metric is important for economists and policymakers to understand trends in consumer spending and inflation.
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 measure the changes in the general price level of goods and services consumed by households in the European Union. The Telephone and Telefax Equipment component specifically looks at the prices of items like mobile phones, landline phones, and related accessories.
Methodology
The data is collected through a survey of prices from a representative sample of retailers across Romania.
Historical Context
This index is used by the European Central Bank and Romanian government to inform monetary and fiscal policy decisions.
Key Facts
- Romania's HICP for telephone/telefax equipment has a base year of 2015.
- Prices are collected from a sample of over 20,000 retail outlets across Romania.
- The index is published monthly by Eurostat, the statistical office of the European Union.
FAQs
Q: What does this economic trend measure?
A: This trend measures the changes in consumer prices for telephone and telefax equipment in Romania as part of the broader Harmonized Index of Consumer Prices (HICP).
Q: Why is this trend relevant for users or analysts?
A: The HICP for telephone and telefax equipment is an important indicator of inflation and consumer spending patterns in the telecommunications sector, which is useful for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly price surveys of a representative sample of retail outlets across Romania.
Q: How is this trend used in economic policy?
A: The HICP data, including the telephone/telefax equipment component, is used by the European Central Bank and Romanian government to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly by Eurostat with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Telephone and Telefax Equipment for Romania (CP0820ROM086NEST), retrieved from FRED.