Harmonized Index of Consumer Prices: Wine for Romania
CP0212ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
147.00
Year-over-Year Change
5.23%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Wine in Romania measures changes in the prices paid by Romanian consumers for wine. This metric is a key economic indicator used to assess 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 Wine in Romania is a component of the broader HICP, which tracks the average change in prices for a basket of consumer goods and services across the Eurozone. The wine-specific index provides insight into trends within the alcoholic beverages market and household spending patterns.
Methodology
The data is collected through surveys of retail establishments and service providers across Romania.
Historical Context
Policymakers and analysts use the HICP for Wine to understand broader consumer behavior and inform economic and monetary policy decisions.
Key Facts
- The HICP for Wine has been tracked since 1996.
- Wine accounts for approximately 1% of the total Romanian HICP basket.
- Prices are recorded for a variety of wine types, from table wine to premium vintages.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Wine in Romania measures the average change in prices paid by Romanian consumers for wine products.
Q: Why is this trend relevant for users or analysts?
A: The HICP for Wine provides insight into inflationary pressures and consumer spending patterns within the alcoholic beverages market, which is useful for policymakers and economists analyzing the broader Romanian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and service providers across Romania.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the HICP for Wine, along with other HICP components, to understand consumer behavior and inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP for Wine data is published monthly with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Wine for Romania (CP0212ROM086NEST), retrieved from FRED.