Harmonized Index of Consumer Prices: Garments for Romania
CP0312ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
152.15
Year-over-Year Change
6.17%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Garments measures changes in the prices paid by Romanian consumers for clothing items. This metric is a key indicator of inflation 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 Garments is a component of the broader HICP index, which tracks the prices of a basket of consumer goods and services in Romania. The garments segment provides insights into a major area of household expenditure and consumer behavior.
Methodology
The Romanian National Institute of Statistics collects price data from a sample of retail establishments to calculate the HICP for Garments.
Historical Context
The HICP for Garments is used by policymakers at the European Central Bank to monitor inflationary pressures and inform monetary policy decisions.
Key Facts
- The HICP for Garments is published monthly.
- Clothing and footwear account for around 5% of the Romanian consumer price index.
- Prices for garments tend to be more volatile than the overall HICP.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Garments measures changes in the prices paid by Romanian consumers for clothing items.
Q: Why is this trend relevant for users or analysts?
A: The HICP for Garments provides insights into a major component of household spending and consumer behavior, which is useful for policymakers and economists monitoring inflationary pressures.
Q: How is this data collected or calculated?
A: The Romanian National Institute of Statistics collects price data from a sample of retail establishments to calculate the HICP for Garments.
Q: How is this trend used in economic policy?
A: The HICP for Garments is used by the European Central Bank to monitor inflationary pressures and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP for Garments is published monthly, with a typical delay of several weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Garments for Romania (CP0312ROM086NEST), retrieved from FRED.