Harmonized Index of Consumer Prices: Meat for Romania
CP0112ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
164.80
Year-over-Year Change
4.78%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Meat in Romania measures changes in the prices paid by Romanian consumers for meat products. This important economic indicator provides insights into inflationary pressures and consumer purchasing power.
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 for Meat in Romania is a component of the broader HICP, which tracks the prices of a basket of consumer goods and services across the European Union. The Meat category represents a significant portion of household expenditures, making this index a key metric for understanding Romania's cost of living and economic conditions.
Methodology
The Romanian National Institute of Statistics collects price data from a sample of retail outlets to calculate the HICP for Meat.
Historical Context
Policymakers and analysts use the HICP for Meat to assess inflationary trends and guide monetary and fiscal policies.
Key Facts
- Romania's HICP for Meat has increased by 15% over the past 5 years.
- Meat accounts for over 10% of the average Romanian household's consumption basket.
- The Meat HICP is a key input for the European Central Bank's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Meat in Romania measures changes in the prices paid by Romanian consumers for meat products.
Q: Why is this trend relevant for users or analysts?
A: The HICP for Meat is a critical indicator of inflationary pressures and consumer purchasing power in Romania, making it highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The Romanian National Institute of Statistics collects price data from a sample of retail outlets to calculate the HICP for Meat.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the HICP for Meat to assess inflationary trends and guide monetary and fiscal policies in Romania and the broader European Union.
Q: Are there update delays or limitations?
A: The HICP for Meat data is published monthly with a lag of approximately two weeks, which is a common limitation for consumer price indices.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Meat for Romania (CP0112ROM086NEST), retrieved from FRED.