Harmonized Index of Consumer Prices: Other Services in Respect of Personal Transport Equipment for Romania
CP0724ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.42
Year-over-Year Change
5.90%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Other Services in Respect of Personal Transport Equipment measures changes in prices for various transport-related services in Romania. This metric is a key indicator of consumer inflation and economic conditions.
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 Other Services in Respect of Personal Transport Equipment component tracks the prices of services like vehicle maintenance, repair, and parking fees, providing insight into household transportation costs.
Methodology
The data is collected through surveys of consumer spending and prices.
Historical Context
This HICP metric is used by policymakers and analysts to assess inflationary pressures and consumer behavior.
Key Facts
- Romania's HICP for Other Transport Services has increased by 25% since 2015.
- This index accounts for over 5% of Romania's overall consumer price basket.
- Trends in this metric can impact the Central Bank's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Other Services in Respect of Personal Transport Equipment tracks changes in prices for various transport-related services in Romania, such as vehicle maintenance, repair, and parking fees.
Q: Why is this trend relevant for users or analysts?
A: This HICP metric provides important insights into consumer inflation and household transportation costs in Romania, which are key factors considered by policymakers and economists when assessing the state of the economy.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of consumer spending and prices.
Q: How is this trend used in economic policy?
A: Trends in this HICP component are used by the Central Bank and other policymakers to monitor inflationary pressures and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published on a monthly basis with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Other Services in Respect of Personal Transport Equipment for Romania (CP0724ROM086NEST), retrieved from FRED.