Harmonized Index of Consumer Prices: Personal Effects N.e.c. for Romania
CP1230ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
162.15
Year-over-Year Change
8.75%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Personal Effects N.e.c. in Romania measures price changes over time for a basket of personal care and miscellaneous goods. This index is a key indicator of consumer inflation and cost-of-living trends in Romania.
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 standardized measure of consumer price inflation across European Union countries. The Personal Effects N.e.c. index tracks prices for a range of personal items and accessories not classified elsewhere, providing insight into a critical component of household expenditures.
Methodology
The data is collected through surveys of consumer purchases and calculated using a chained Laspeyres formula.
Historical Context
Policymakers and analysts use this HICP component to assess domestic price pressures and evaluate the efficacy of monetary policies.
Key Facts
- The HICP is harmonized across EU member states for comparability.
- Personal Effects N.e.c. accounts for about 5% of the overall Romanian HICP basket.
- This index has been published monthly since 1996.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Personal Effects N.e.c. in Romania measures price changes over time for a basket of personal care and miscellaneous goods.
Q: Why is this trend relevant for users or analysts?
A: This HICP component provides insight into a critical portion of household expenditures, helping policymakers and analysts assess domestic price pressures and the efficacy of monetary policies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer purchases and calculated using a chained Laspeyres formula.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP component to evaluate inflation and the impact of monetary policies on the Romanian economy.
Q: Are there update delays or limitations?
A: This index has been published monthly since 1996 with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Personal Effects N.e.c. for Romania (CP1230ROM086NEST), retrieved from FRED.