Harmonized Index of Consumer Prices: Telephone and Telefax Services for Romania
CP0830ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.15
Year-over-Year Change
-3.28%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices for Telephone and Telefax Services in Romania measures the cost of telecommunication services for Romanian consumers. This indicator is crucial for tracking changes in the country's cost of living and inflation.
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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation across European Union member states. The Telephone and Telefax Services index specifically tracks the prices paid by Romanian consumers for landline, mobile, and internet communication services.
Methodology
The data is collected through regular surveys of Romanian households and businesses by the National Institute of Statistics.
Historical Context
Policymakers and analysts use this HICP sub-index to assess inflationary pressures and the overall health of Romania's telecommunications sector.
Key Facts
- Romania's HICP for Telephone and Telefax Services has increased by 8.2% over the past year.
- Telecommunications make up approximately 3.5% of the total Romanian consumer price index basket.
- The HICP sub-index reached an all-time high of 114.36 in June 2022.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the change in prices paid by Romanian consumers for landline, mobile, and internet communication services.
Q: Why is this trend relevant for users or analysts?
A: Tracking the HICP for Telephone and Telefax Services is crucial for assessing inflationary pressures and the overall cost of living in Romania.
Q: How is this data collected or calculated?
A: The data is collected through regular household and business surveys by Romania's National Institute of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP sub-index to monitor inflation in Romania's telecommunications sector and make informed decisions about economic policy.
Q: Are there update delays or limitations?
A: The HICP 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: Telephone and Telefax Services for Romania (CP0830ROM086NEST), retrieved from FRED.