Harmonized Index of Consumer Prices: Non-Energy Industrial Goods for Romania
IGDSXEROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
143.92
Year-over-Year Change
4.62%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Non-Energy Industrial Goods for Romania measures price changes for a basket of non-energy industrial goods in the Romanian economy. This metric is crucial for monitoring inflationary pressures and assessing the effectiveness of monetary policy.
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 Non-Energy Industrial Goods component specifically tracks prices for manufactured products excluding energy. This data provides important insights into core inflationary trends in Romania.
Methodology
The index is calculated by Romania's National Institute of Statistics based on a representative consumer basket and harmonized EU methodology.
Historical Context
Policymakers and analysts use this HICP component to gain a more accurate picture of underlying price dynamics, informing monetary and fiscal decisions.
Key Facts
- Romania joined the EU in 2007.
- The HICP is calculated monthly across the EU.
- Non-energy goods make up over half of the HICP basket.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Non-Energy Industrial Goods for Romania tracks changes in prices for manufactured products excluding energy in the Romanian economy.
Q: Why is this trend relevant for users or analysts?
A: This HICP component provides important insights into core inflationary pressures in Romania, which is crucial for policymakers and analysts monitoring the country's economic health.
Q: How is this data collected or calculated?
A: The index is calculated monthly by Romania's National Institute of Statistics using a representative consumer basket and harmonized EU methodology.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP data to gain a more accurate picture of underlying price dynamics, informing monetary and fiscal decisions in Romania.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a typical 2-3 week delay, providing timely insights into inflationary pressures.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Non-Energy Industrial Goods for Romania (IGDSXEROM086NEST), retrieved from FRED.