Harmonized Index of Consumer Prices: Accommodation Services for Romania
CP1120ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
165.24
Year-over-Year Change
8.98%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices for Accommodation Services in Romania tracks changes in the prices paid by consumers for hotel stays and similar lodging in the country. This metric is a key indicator of inflation in the Romanian hospitality 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 across the European Union. The Accommodation Services component specifically reflects price changes for overnight stays in hotels, motels, and other temporary lodging in Romania.
Methodology
The data is collected through ongoing surveys of consumers and businesses by Romania's National Institute of Statistics.
Historical Context
The Accommodation Services HICP is used by policymakers and economists to assess inflationary pressures in the Romanian tourism industry.
Key Facts
- The base year for the Accommodation Services HICP is 2015.
- Romania joined the EU in 2007 and began reporting HICP data.
- Accommodation costs make up around 3% of the total Romanian CPI basket.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Accommodation Services tracks changes in the prices paid by consumers for hotel stays and similar lodging in Romania.
Q: Why is this trend relevant for users or analysts?
A: The Accommodation Services HICP is a key indicator of inflationary pressures in the Romanian tourism industry, which is important for policymakers and economists assessing the overall state of the economy.
Q: How is this data collected or calculated?
A: The data is collected through ongoing surveys of consumers and businesses by Romania's National Institute of Statistics.
Q: How is this trend used in economic policy?
A: The Accommodation Services HICP is used by the European Central Bank and Romanian policymakers to monitor inflation and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The Accommodation Services HICP data is typically published on a monthly basis with a short lag, providing timely information to analysts and policymakers.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Accommodation Services for Romania (CP1120ROM086NEST), retrieved from FRED.