Harmonized Index of Consumer Prices: Repair of Furniture, Furnishings and Floor Coverings for Romania
CP0513ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
165.16
Year-over-Year Change
9.57%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Repair of Furniture, Furnishings and Floor Coverings in Romania tracks changes in the cost of maintaining and repairing household furnishings and flooring. This economic indicator provides insights into consumer spending patterns and inflationary pressures.
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 is a standardized measure of consumer price inflation across European Union countries. The Repair of Furniture, Furnishings and Floor Coverings index specifically monitors price changes for household maintenance and repair services, which are an important component of overall consumer expenditures.
Methodology
The data is collected through surveys of Romanian households and businesses.
Historical Context
Economists and policymakers analyze HICP data to assess domestic price levels and inform monetary and fiscal policies.
Key Facts
- The HICP is a key economic indicator used by the European Central Bank.
- Romania joined the EU in 2007 and began reporting HICP data.
- Household maintenance and repair services account for about 4% of Romanian consumer spending.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Repair of Furniture, Furnishings and Floor Coverings tracks changes in the cost of maintaining and repairing household furnishings and flooring in Romania.
Q: Why is this trend relevant for users or analysts?
A: This HICP index provides insights into consumer spending patterns and inflationary pressures within the Romanian household maintenance and repair services sector, which is an important component of overall consumer expenditures.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Romanian households and businesses.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze HICP data to assess domestic price levels and inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The HICP 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: Repair of Furniture, Furnishings and Floor Coverings for Romania (CP0513ROM086NEST), retrieved from FRED.