Harmonized Index of Consumer Prices: Personal Care for Montenegro
CP121MI15MEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.86
Year-over-Year Change
5.40%
Date Range
12/1/2014 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Personal Care in Montenegro measures the change in prices for a basket of personal care goods and services. This index is a key indicator of consumer inflation and economic conditions.
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 for Personal Care in Montenegro is a sub-component of the broader HICP, which tracks the average change in prices paid by consumers for a representative basket of goods and services. The personal care index focuses specifically on items like hygiene products, cosmetics, and salon services.
Methodology
Data for this index is collected through regular surveys of consumer purchases and prices.
Historical Context
The HICP is used by policymakers and analysts to monitor inflationary pressures and inform economic decisions.
Key Facts
- Montenegro joined the European Union in 2017.
- The HICP is harmonized across EU member states.
- Personal care accounts for about 5% of the average Montenegrin consumer's spending.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Personal Care in Montenegro measures the average change in prices for a basket of personal care goods and services.
Q: Why is this trend relevant for users or analysts?
A: The personal care HICP is an important indicator of consumer inflation and economic conditions in Montenegro, providing insights for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through regular consumer surveys and price observations.
Q: How is this trend used in economic policy?
A: The HICP is used by the European Central Bank and other institutions to monitor inflationary pressures and inform monetary and fiscal policy decisions.
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: Personal Care for Montenegro (CP121MI15MEM086NEST), retrieved from FRED.