Harmonized Index of Consumer Prices: Catering Services for Romania
CP1110ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
176.02
Year-over-Year Change
8.41%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Catering Services in Romania measures changes in the prices paid by Romanian consumers for dining out and other catering services. This key economic indicator helps policymakers assess inflation and consumer spending 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 HICP for Catering Services is a subcomponent of the broader HICP, which tracks the prices of a representative basket of consumer goods and services across the Eurozone. The Catering Services index specifically monitors the costs associated with dining, fast food, and other paid food preparation services.
Methodology
The data is collected through surveys of Romanian consumers and businesses by Eurostat, the European Union's statistical agency.
Historical Context
Catering service prices are an important input for policymakers and analysts evaluating Romanian consumer trends and monetary policy.
Key Facts
- HICP is the standard inflation measure across the Eurozone.
- Catering Services account for around 7% of the Romanian consumer basket.
- Prices have risen 3.2% annually on average over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Catering Services in Romania tracks the prices paid by Romanian consumers for dining out, fast food, and other paid food preparation services.
Q: Why is this trend relevant for users or analysts?
A: Catering service prices are an important component of overall consumer inflation in Romania, providing insights into household spending and the state of the service sector.
Q: How is this data collected or calculated?
A: The data is collected through consumer and business surveys by Eurostat, the European Union's statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the HICP for Catering Services to evaluate Romanian consumer trends and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The 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: Catering Services for Romania (CP1110ROM086NEST), retrieved from FRED.