Harmonized Index of Consumer Prices: Pharmaceutical Products for Romania
CP0611ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.51
Year-over-Year Change
3.10%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Pharmaceutical Products in Romania measures the change in prices paid by consumers for a basket of pharmaceutical goods and services over time. This metric is a key indicator for monitoring inflation and consumer spending in the pharmaceutical sector.
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 Pharmaceutical Products in Romania is a component of the broader HICP, which is the standard measure of consumer price inflation in the European Union. This pharmaceutical-specific index tracks the price changes of a representative basket of medicines, medical devices, and other healthcare products purchased by Romanian households.
Methodology
The data is collected monthly through consumer surveys and price observations by Eurostat, the statistical office of the European Union.
Historical Context
The HICP for Pharmaceutical Products is used by policymakers, central banks, and market analysts to assess inflationary pressures and consumer demand trends in the Romanian healthcare market.
Key Facts
- The base year for the HICP for Pharmaceutical Products in Romania is 2015.
- Romania joined the European Union in 2007 and began reporting HICP data shortly after.
- Pharmaceutical products account for around 2% of the total HICP basket in Romania.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Pharmaceutical Products in Romania measures the change in prices paid by consumers for a basket of pharmaceutical goods and services over time.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator for monitoring inflation and consumer spending in the Romanian pharmaceutical sector, which is useful for policymakers, central banks, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected monthly through consumer surveys and price observations by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: The HICP for Pharmaceutical Products is used by policymakers, central banks, and market analysts to assess inflationary pressures and consumer demand trends in the Romanian healthcare market.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of around one month.
Related Trends
Harmonized Index of Consumer Prices: Domestic Services and Household Services for Romania
CP0562ROM086NEST
Use of Financial Services, Assets: Outstanding Loans to Households at Commercial Banks for Romania
ROUFCSODCHXDC
Harmonized Index of Consumer Prices: Fully Administered Prices for Romania
APFULLROM086NEST
Harmonized Index of Consumer Prices: Electricity, Gas and Other Fuels for Romania
CP0450ROM086NEST
Use of Financial Services: Number of Loan Accounts at Other Financial Intermediaries for Romania
ROUFCNMNUM
Value of Exports to Romania from Maine
MEROUA052SCEN
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Pharmaceutical Products for Romania (CP0611ROM086NEST), retrieved from FRED.