Harmonized Index of Consumer Prices: Services Related to Communication for Bulgaria
SERVCOBGM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.92
Year-over-Year Change
2.23%
Date Range
12/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Services Related to Communication for Bulgaria measures the changes in prices of communication-related services in Bulgaria. This indicator is important for economists and policymakers to understand inflation trends and consumer spending patterns in the country.
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 consumer price index that measures the changes over time in the prices of consumer goods and services acquired by households in European Union countries. The Services Related to Communication component specifically tracks price changes for communication-related services such as postal, telephone, and internet services.
Methodology
The data is collected through a survey of consumer prices across Bulgaria.
Historical Context
This index is used by the European Central Bank and other policymakers to monitor inflation and make informed economic decisions.
Key Facts
- The base year for this index is 2015.
- Bulgaria joined the European Union in 2007.
- Communication services account for around 3.5% of the total HICP basket in Bulgaria.
FAQs
Q: What does this economic trend measure?
A: This trend measures the changes in prices of communication-related services in Bulgaria, including postal, telephone, and internet services.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding inflation and consumer spending patterns in Bulgaria, which is important for economic policymaking and market analysis.
Q: How is this data collected or calculated?
A: The data is collected through a survey of consumer prices across Bulgaria.
Q: How is this trend used in economic policy?
A: This index is used by the European Central Bank and other policymakers to monitor inflation and make informed economic decisions for Bulgaria and the European Union.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of around 2 months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Services Related to Communication for Bulgaria (SERVCOBGM086NEST), retrieved from FRED.