Harmonized Index of Consumer Prices: Goods (Overall Index Excluding Services) for Bulgaria
GOODS0BGM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
140.28
Year-over-Year Change
3.12%
Date Range
12/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Goods (Overall Index Excluding Services) for Bulgaria measures the price changes of goods in Bulgaria, excluding services. This metric is crucial for economists and policymakers to assess the country's inflationary pressures and cost-of-living dynamics.
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 used across the European Union. The Goods Index Excluding Services specifically tracks the price changes of physical products, providing insights into consumer demand and broader economic conditions.
Methodology
The data is collected through a nationwide survey of retail prices.
Historical Context
This index is widely used by the Bulgarian government and the European Central Bank to inform economic policy decisions.
Key Facts
- The base year for the index is 2015.
- Goods account for approximately 60% of the overall HICP basket in Bulgaria.
- The index is published monthly by the National Statistical Institute of Bulgaria.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Goods (Overall Index Excluding Services) for Bulgaria measures the price changes of physical products, excluding services, in the country.
Q: Why is this trend relevant for users or analysts?
A: This index provides crucial insights into inflationary pressures and the cost of living in Bulgaria, which is essential for economic policymaking and market analysis.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of retail prices by the National Statistical Institute of Bulgaria.
Q: How is this trend used in economic policy?
A: The Harmonized Index of Consumer Prices: Goods (Overall Index Excluding Services) for Bulgaria is widely used by the Bulgarian government and the European Central Bank to inform economic policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly, with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Goods (Overall Index Excluding Services) for Bulgaria (GOODS0BGM086NEST), retrieved from FRED.