Harmonized Index of Consumer Prices: Hairdressing Salons and Personal Grooming Establishments for Bulgaria
CP1211BGM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
204.45
Year-over-Year Change
14.89%
Date Range
12/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Hairdressing Salons and Personal Grooming Establishments in Bulgaria measures price changes in this key service sector. It provides important insights into inflationary trends and consumer spending behavior.
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 HICP is a comprehensive measure of consumer price inflation in the European Union. The Hairdressing Salons and Personal Grooming Establishments index tracks changes in prices charged by these service providers, which are an important component of household budgets.
Methodology
The data is collected through surveys of service providers and aggregated by Eurostat.
Historical Context
Policymakers use this index to assess overall price stability and the effectiveness of monetary policies.
Key Facts
- Bulgaria's HICP for Hairdressing and Personal Grooming rose 5.2% in 2022.
- This index accounts for about 1.1% of the total HICP basket in Bulgaria.
- Prices in this sector tend to be less volatile than overall consumer prices.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Hairdressing Salons and Personal Grooming Establishments in Bulgaria measures changes in the prices charged by these service providers.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflationary pressures and consumer spending patterns in the personal services sector, which is a key component of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of service providers and aggregated by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers use this index to assess overall price stability and the effectiveness of monetary policies in controlling inflation.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Hairdressing Salons and Personal Grooming Establishments for Bulgaria (CP1211BGM086NEST), retrieved from FRED.