Harmonized Index of Consumer Prices: Canteens for Bulgaria
CP1112BGM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
206.14
Year-over-Year Change
6.71%
Date Range
12/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Canteens for Bulgaria measures the average change in prices paid by consumers for a basket of goods and services, specifically related to canteens, in Bulgaria. This economic indicator provides insight into inflationary pressures 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 standardized measure of inflation used across the European Union. The Canteens for Bulgaria series specifically tracks price changes for food and beverages consumed in canteens, cafeterias, and other similar establishments within the country.
Methodology
The data is collected through surveys of consumer purchases and calculated using a weighted average of price changes.
Historical Context
The HICP Canteens for Bulgaria index is a key input for policymakers at the European Central Bank and Bulgarian National Bank when evaluating monetary policy and economic conditions.
Key Facts
- Covers price changes for food and beverages consumed in canteens and cafeterias.
- Calculated as a weighted average of price changes collected through consumer surveys.
- Used by policymakers to assess inflationary pressures and consumer purchasing power.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Canteens for Bulgaria measures the average change in prices paid by consumers for a basket of goods and services related to canteens within the country.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into inflationary pressures and consumer purchasing power, which are key factors considered by policymakers when evaluating economic conditions and making monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer purchases and calculated using a weighted average of price changes.
Q: How is this trend used in economic policy?
A: The HICP Canteens for Bulgaria index is a key input for policymakers at the European Central Bank and Bulgarian National Bank when evaluating monetary policy and economic conditions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly, but there may be some delays in the release of the Canteens for Bulgaria series compared to the overall HICP index.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Canteens for Bulgaria (CP1112BGM086NEST), retrieved from FRED.