Harmonized Index of Consumer Prices: Frequent Out-of-Pocket Purchases for Bulgaria
FROOPPBGM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.33
Year-over-Year Change
0.32%
Date Range
1/1/1997 - 1/1/2016
Summary
The Harmonized Index of Consumer Prices: Frequent Out-of-Pocket Purchases for Bulgaria measures changes in the prices paid by Bulgarian consumers for commonly purchased goods and services.
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
This index tracks the prices of a basket of consumer items that Bulgarian households purchase regularly with out-of-pocket funds. It is a key indicator of domestic inflation and a valuable tool for economic analysis and policymaking.
Methodology
The data is collected through surveys of Bulgarian retailers and consumers.
Historical Context
Policymakers use this index to guide monetary and fiscal policies aimed at maintaining price stability.
Key Facts
- Bulgaria joined the European Union in 2007.
- The base year for this index is 2015.
- The index is published monthly by the European Central Bank.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices paid by Bulgarian consumers for commonly purchased goods and services, providing insight into domestic inflation.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial indicator of price stability and a valuable tool for economic analysis and policymaking in Bulgaria.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Bulgarian retailers and consumers.
Q: How is this trend used in economic policy?
A: Policymakers use this index to guide monetary and fiscal policies aimed at maintaining price stability in the Bulgarian economy.
Q: Are there update delays or limitations?
A: The index is published monthly by the European Central Bank with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Frequent Out-of-Pocket Purchases for Bulgaria (FROOPPBGM086NEST), retrieved from FRED.