Harmonized Index of Consumer Prices: Photographic and Cinematographic Equipment and Optical Instruments for Romania
CP0912ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.26
Year-over-Year Change
4.76%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices for Photographic and Cinematographic Equipment and Optical Instruments in Romania measures changes in the prices paid by consumers for these products. This data provides valuable insights into consumer spending patterns and inflation trends.
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
This economic indicator tracks the prices of a representative basket of photographic, cinematographic, and optical products purchased by Romanian consumers. It is a key component of the overall consumer price index and helps policymakers and analysts understand broader inflationary pressures.
Methodology
The data is collected through surveys of retailers and service providers and calculated according to Eurostat's harmonized methodology.
Historical Context
This index is used to monitor inflation and inform monetary policy decisions by the National Bank of Romania.
Key Facts
- Covers a range of consumer products including cameras, lenses, and binoculars.
- Based on a representative basket of goods updated periodically.
- Data is released monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices paid by Romanian consumers for photographic, cinematographic, and optical equipment and instruments.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into inflationary pressures affecting consumer spending on these types of products, which is valuable for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and service providers and calculated according to Eurostat's harmonized methodology for consumer price indices.
Q: How is this trend used in economic policy?
A: This index is used by the National Bank of Romania to monitor inflation and inform monetary policy decisions aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The data is released monthly by Eurostat with minimal delays. However, the basket of goods is updated periodically, which can affect comparisons over time.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Photographic and Cinematographic Equipment and Optical Instruments for Romania (CP0912ROM086NEST), retrieved from FRED.