Harmonized Index of Consumer Prices: Restaurants and Hotels for Romania
CP1100ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
172.21
Year-over-Year Change
8.62%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Restaurants and Hotels for Romania measures the changes in prices for dining, lodging, and related services in Romania. This metric is crucial for economists and policymakers to understand consumer spending patterns and inflationary pressures.
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: Restaurants and Hotels for Romania is a key indicator of price changes in the Romanian services sector, specifically for food service and accommodation. It is used to gauge overall consumer inflation and can inform monetary and fiscal policy decisions.
Methodology
This index is calculated by the Romanian National Institute of Statistics based on a survey of consumer prices.
Historical Context
Trends in the Restaurants and Hotels index are closely watched by the National Bank of Romania and other policymakers to assess the state of the economy.
Key Facts
- The index has a base year of 2015.
- Romania joined the EU in 2007.
- Restaurants and hotels make up about 12% of the Romanian consumer price index.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Restaurants and Hotels for Romania measures the changes in prices for dining, lodging, and related services in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists and policymakers to understand consumer spending patterns and inflationary pressures in the Romanian services sector.
Q: How is this data collected or calculated?
A: The index is calculated by the Romanian National Institute of Statistics based on a survey of consumer prices.
Q: How is this trend used in economic policy?
A: Trends in the Restaurants and Hotels index are closely watched by the National Bank of Romania and other policymakers to assess the state of the economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insight into price movements in the Romanian services sector.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Restaurants and Hotels for Romania (CP1100ROM086NEST), retrieved from FRED.