Harmonized Index of Consumer Prices: Other Personal Effects for Bulgaria
CP1232BGM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.50
Year-over-Year Change
1.99%
Date Range
12/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Other Personal Effects for Bulgaria measures changes in the prices of a basket of goods and services related to personal care and effects in Bulgaria. This metric is a key indicator of consumer inflation in the country.
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 'Other Personal Effects' component specifically tracks price changes for items like personal grooming products, jewelry, and luggage. This data is used by policymakers and analysts to understand broader trends in Bulgarian consumer spending and cost of living.
Methodology
The index is calculated by Bulgaria's National Statistical Institute based on a representative sample of prices collected from retailers.
Historical Context
Central banks and economists use the HICP data to inform monetary and fiscal policy decisions.
Key Facts
- Bulgaria joined the EU in 2007.
- The HICP is used by the European Central Bank to set monetary policy.
- Other Personal Effects account for about 1% of the overall HICP basket in Bulgaria.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Other Personal Effects for Bulgaria tracks changes in the prices of personal care, grooming, and other miscellaneous products in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into overall consumer inflation and cost of living pressures in Bulgaria, which is important for policymakers, economists, and households.
Q: How is this data collected or calculated?
A: The index is calculated monthly by Bulgaria's National Statistical Institute based on a representative sample of retail prices.
Q: How is this trend used in economic policy?
A: Central banks and governments use HICP data to inform monetary and fiscal policies aimed at maintaining price stability and supporting economic growth.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of around 2-3 weeks. There may also be slight differences in methodology between EU member states.
Related Trends
People 15 Years and Over with Account at a Formal Financial Institution for Bulgaria
DDAI05BGA156NWDB
Harmonized Index of Consumer Prices: Medical Products, Appliances and Equipment for Bulgaria
CP0610BGM086NEST
Harmonized Index of Consumer Prices: Clothing Materials for Bulgaria
CP0311BGM086NEST
Harmonized Index of Consumer Prices: Repair of Household Appliances for Bulgaria
CP0533BGM086NEST
Liquid Liabilities to GDP for Bulgaria
DDDI05BGA156NWDB
Harmonized Index of Consumer Prices: All Items Excluding Mainly Administered Prices for Bulgaria
00XAP0BGM086NEST
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Other Personal Effects for Bulgaria (CP1232BGM086NEST), retrieved from FRED.