Harmonized Index of Consumer Prices: Oils and Fats for Romania
CP0115ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
159.88
Year-over-Year Change
7.82%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Oils and Fats for Romania measures the price changes of edible oils and fats for consumers in Romania. This metric is a key indicator of inflation and consumer spending trends 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 standardized measure of inflation across European Union member states. The Oils and Fats component specifically tracks the prices of products like cooking oils, butter, and margarine, which are important staple goods for Romanian households.
Methodology
The data is collected through a nationwide survey of consumer prices by Romania's National Institute of Statistics.
Historical Context
Economists and policymakers use this HICP trend to assess domestic price pressures and consumer behavior in Romania.
Key Facts
- Romania's HICP Oils and Fats index has a base year of 2015.
- Oils and fats account for around 3% of the total Romanian consumer price basket.
- Prices in this category have risen by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Oils and Fats for Romania tracks the prices paid by consumers for edible oils, fats, and related products in the country.
Q: Why is this trend relevant for users or analysts?
A: This HICP component provides important insights into inflationary pressures and consumer spending patterns for a key household expenditure category in Romania.
Q: How is this data collected or calculated?
A: The data is collected through regular nationwide surveys of consumer prices by Romania's National Institute of Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this HICP trend to assess domestic price dynamics and consumer behavior, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The HICP data for Romania is published monthly with a lag of approximately two weeks.
Related Trends
Harmonized Index of Consumer Prices: Solid Fuels for Romania
CP0454ROM086NEST
Gross National Income for Romania
MKTGNIROA646NWDB
Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for Romania
ROUFCIODDNUM
Harmonized Index of Consumer Prices: Other Services in Respect of Personal Transport Equipment for Romania
CP0724ROM086NEST
Harmonized Index of Consumer Prices: Pharmaceutical Products for Romania
CP0611ROM086NEST
Number of Identified Exporters to Romania from Hawaii
HIROUA475SCEN
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Oils and Fats for Romania (CP0115ROM086NEST), retrieved from FRED.