Harmonized Index of Consumer Prices: Services (Overall Index Excluding Goods) for Romania
SERV00ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
150.53
Year-over-Year Change
6.69%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP): Services (Overall Index Excluding Goods) for Romania measures the changes in prices for services in Romania, excluding goods. This metric is a key indicator of inflation and economic conditions.
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: Services (Overall Index Excluding Goods) for Romania is a component of the broader HICP, which is the primary measure of consumer price inflation in the European Union. This services-focused index provides insight into price dynamics in the Romanian services sector, complementing the overall HICP.
Methodology
The data is collected through surveys of consumers and businesses by Romania's National Institute of Statistics.
Historical Context
Policymakers and analysts use this metric to gauge inflationary pressures and inform monetary and fiscal policy decisions.
Key Facts
- Romania's services inflation reached a peak of 6.2% in 2018.
- The services component accounts for over 50% of Romania's overall HICP.
- Services inflation has generally trended higher than goods inflation in Romania since 2015.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP): Services (Overall Index Excluding Goods) for Romania measures the changes in prices for services in Romania, excluding goods.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into inflationary pressures in the Romanian services sector, which is a crucial component of the overall economy. It is used by policymakers and analysts to gauge economic conditions and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumers and businesses by Romania's National Institute of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess inflationary pressures in 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 around 2-3 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Services (Overall Index Excluding Goods) for Romania (SERV00ROM086NEST), retrieved from FRED.