Harmonized Index of Consumer Prices: Clothing and Footwear for Romania
CP0300ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
152.76
Year-over-Year Change
5.91%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Clothing and Footwear in Romania measures the change in prices for apparel and footwear items purchased by consumers. This key economic indicator provides insights into inflationary pressures and consumer spending patterns.
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 Clothing and Footwear in Romania is a sub-component of the overall HICP, which tracks the average change in prices paid by households for a basket of consumer goods and services. This sector-specific index is used by economists and policymakers to assess inflationary trends and consumer demand within the apparel and footwear industry.
Methodology
The data is collected through surveys of retail establishments and calculated using a weighted average of price changes for a representative sample of clothing and footwear items.
Historical Context
Trends in the HICP for Clothing and Footwear help inform monetary policy decisions and provide context for consumer spending analysis.
Key Facts
- The HICP for Clothing and Footwear in Romania uses 2015 as the base year.
- This index is reported on a monthly basis by Eurostat.
- Romania joined the European Union in 2007 and adopted the HICP framework.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Clothing and Footwear in Romania measures the change in prices for apparel and footwear items purchased by consumers in the country.
Q: Why is this trend relevant for users or analysts?
A: This sector-specific index provides insights into inflationary pressures and consumer spending patterns within the apparel and footwear industry, which is valuable information for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated using a weighted average of price changes for a representative sample of clothing and footwear items.
Q: How is this trend used in economic policy?
A: Trends in the HICP for Clothing and Footwear help inform monetary policy decisions and provide context for consumer spending analysis.
Q: Are there update delays or limitations?
A: The HICP for Clothing and Footwear in Romania is reported on a monthly basis by Eurostat with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Clothing and Footwear for Romania (CP0300ROM086NEST), retrieved from FRED.