Harmonized Index of Consumer Prices: Package Holidays for Romania
CP0960ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
174.41
Year-over-Year Change
9.44%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices for Package Holidays in Romania measures changes in the prices paid by consumers for package holiday services. This indicator provides insights into Romanian consumer spending and inflation trends.
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 used across the European Union. The Package Holidays component tracks the prices of pre-arranged travel packages, including accommodations and transportation.
Methodology
The data is collected through surveys of consumers and service providers.
Historical Context
Policymakers and economists analyze HICP data to gauge inflationary pressures and consumer behavior.
Key Facts
- HICP is a key metric for assessing the EU's monetary policy objectives.
- Package holidays make up a significant portion of household spending in Romania.
- Tracking price changes in this sector provides insight into Romanian consumer trends.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Package Holidays in Romania measures changes in the prices paid by consumers for pre-arranged travel packages, including accommodations and transportation.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into Romanian consumer spending and inflation trends, which are crucial for policymakers and economists assessing the health of the Romanian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumers and service providers.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze HICP data to gauge inflationary pressures and consumer behavior, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly, with some potential for minor revisions to previous releases.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Package Holidays for Romania (CP0960ROM086NEST), retrieved from FRED.