Harmonized Index of Consumer Prices: Social Protection for Bulgaria
CP1240BGM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.40
Year-over-Year Change
-0.39%
Date Range
12/1/1999 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Social Protection in Bulgaria measures changes in the prices of goods and services related to social protection. This metric is crucial for economists and policymakers to understand inflation and the cost of living in Bulgaria.
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 Social Protection in Bulgaria is a subcomponent of the overall HICP, which is the primary measure of consumer price inflation in the European Union. This specific index tracks price changes for a basket of goods and services related to social welfare programs, providing insights into the affordability of critical social services.
Methodology
The data is collected through a nationwide survey of consumer prices by the National Statistical Institute of Bulgaria.
Historical Context
The HICP for Social Protection is used by the European Central Bank and Bulgarian government to inform monetary and fiscal policies.
Key Facts
- The HICP for Social Protection in Bulgaria has a base year of 2015.
- This index accounts for approximately 5% of the overall HICP basket in Bulgaria.
- Prices for social protection services have increased by 12% in Bulgaria since 2015.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Social Protection in Bulgaria measures changes in the prices of goods and services related to social welfare programs, such as healthcare, childcare, and elderly care.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the affordability of critical social services in Bulgaria, which is crucial for understanding the cost of living and informing social and economic policies.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices by the National Statistical Institute of Bulgaria.
Q: How is this trend used in economic policy?
A: The HICP for Social Protection is used by the European Central Bank and Bulgarian government to inform monetary and fiscal policies, particularly those related to social welfare and the cost of living.
Q: Are there update delays or limitations?
A: The HICP for Social Protection in Bulgaria is published monthly with a lag of approximately one month.
Related Trends
Harmonized Index of Consumer Prices: Goods and Services for Routine Household Maintenance for Bulgaria
CP0560BGM086NEST
Geographical Outreach, Liabilities: Households' Outstanding Deposits at Other Financial Corporations, Other Financial Intermediaries for Bulgaria
BGRFCLOFMHXDC
Harmonized Index of Consumer Prices: Industrial Goods for Bulgaria
IGOODSBGM086NEST
Harmonized Index of Consumer Prices: Overall Index Excluding Housing, Water, Electricity, Gas, and Other Fuels for Bulgaria
00XHOUBGM086NEST
Pension Fund Assets to GDP for Bulgaria
DDDI13BGA156NWDB
Number of Identified Exporters to Bulgaria from Utah
UTBGRA475SCEN
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Social Protection for Bulgaria (CP1240BGM086NEST), retrieved from FRED.