Price Level of Household Consumption for Romania
PLCCPPROA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.47
Year-over-Year Change
-19.31%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Household Consumption for Romania measures the level of prices for goods and services consumed by Romanian households. It is a key economic indicator used to assess the cost of living and inflation pressures in the Romanian economy.
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 price changes of a fixed basket of consumer goods and services that are typically purchased by Romanian households. It is an important measure of domestic inflationary trends and a factor considered by policymakers when setting monetary and fiscal policies.
Methodology
The data is collected through surveys of Romanian households and businesses, and the index is calculated by Romania's National Institute of Statistics.
Historical Context
The Price Level of Household Consumption for Romania is closely monitored by the National Bank of Romania and other economic analysts to gauge the overall health of the Romanian economy.
Key Facts
- The index base year is 2015.
- Romania's household consumption price level has risen by over 25% since 2015.
- Fluctuations in this index are a key input for Romania's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This index measures the overall price level of goods and services consumed by Romanian households. It is a key metric for assessing domestic inflation and the cost of living in Romania.
Q: Why is this trend relevant for users or analysts?
A: The Price Level of Household Consumption for Romania is a crucial economic indicator used by policymakers, businesses, and consumers to understand inflationary pressures and the purchasing power of Romanian consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Romanian households and businesses, and the index is calculated by Romania's National Institute of Statistics.
Q: How is this trend used in economic policy?
A: The Price Level of Household Consumption for Romania is closely monitored by the National Bank of Romania and other economic analysts to gauge the overall health of the Romanian economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months. There may be some limitations in coverage or sampling that affect the precision of the index.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Romania (PLCCPPROA670NRUG), retrieved from FRED.