Harmonized Index of Consumer Prices: Hairdressing Salons and Personal Grooming Establishments for Romania
CP1211ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
201.58
Year-over-Year Change
14.16%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Hairdressing Salons and Personal Grooming Establishments in Romania measures inflation in this sector. This metric is crucial for economists and policymakers to understand cost-of-living pressures and consumer spending trends.
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 is a standardized measure of inflation across European Union countries, allowing for cross-country comparisons. The Hairdressing Salons and Personal Grooming Establishments index tracks price changes for a basket of services in this industry, providing insight into the cost environment faced by Romanian consumers.
Methodology
The data is collected through surveys of businesses in this sector.
Historical Context
Policymakers use this HICP index to inform monetary and fiscal policies that aim to maintain price stability.
Key Facts
- Romania's HICP for Hairdressing Salons has increased by 5.2% over the past year.
- This index has a base year of 2015=100.
- The Eurozone average HICP for this sector is 2.8%.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Hairdressing Salons and Personal Grooming Establishments in Romania measures inflation in this services sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insight into cost-of-living pressures and consumer spending trends in Romania, which is important for economic policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the hairdressing and personal grooming services sector in Romania.
Q: How is this trend used in economic policy?
A: Policymakers use this HICP index to inform monetary and fiscal policies aimed at maintaining price stability in the Romanian economy.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a typical 1-month delay.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Hairdressing Salons and Personal Grooming Establishments for Romania (CP1211ROM086NEST), retrieved from FRED.