Harmonized Index of Consumer Prices: Transport for Romania
CP0700ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.49
Year-over-Year Change
3.38%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP): Transport for Romania measures changes in the prices of transportation goods and services consumed by Romanian households. This important economic indicator provides insight into 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: Transport for Romania is a subindex of the broader Harmonized Index of Consumer Prices, which tracks price changes across a wide basket of consumer goods and services. The transport component specifically focuses on the costs associated with private and public transportation, including vehicle purchases, fuel, and fares.
Methodology
The data is collected through surveys of Romanian households and businesses by the National Institute of Statistics.
Historical Context
The HICP: Transport is used by policymakers, economists, and market analysts to assess inflationary trends and consumer behavior.
Key Facts
- The transport component accounts for approximately 15% of the overall HICP basket in Romania.
- Fuel prices are a major driver of the HICP: Transport, reflecting global oil market dynamics.
- Romania's HICP: Transport has risen at an average annual rate of 4.2% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP): Transport for Romania measures changes in the prices of transportation goods and services consumed by Romanian households.
Q: Why is this trend relevant for users or analysts?
A: The HICP: Transport provides important insights into inflationary pressures and consumer purchasing power, which are crucial for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Romanian households and businesses by the National Institute of Statistics.
Q: How is this trend used in economic policy?
A: The HICP: Transport is used by policymakers, economists, and market analysts to assess inflationary trends and consumer behavior.
Q: Are there update delays or limitations?
A: The HICP: Transport data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Transport for Romania (CP0700ROM086NEST), retrieved from FRED.