Harmonized Index of Consumer Prices: Jewellery, Clocks and Watches for Romania
CP1231ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
175.30
Year-over-Year Change
12.92%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Jewellery, Clocks and Watches in Romania measures changes in the prices of these products over time. It is a key indicator for monitoring inflation and consumer spending patterns in the country.
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 Jewellery, Clocks and Watches in Romania is a component of the overall HICP, which is the standard measure of consumer price inflation in the European Union. It tracks the prices of a basket of these products to provide insights into consumer purchasing behavior and price dynamics.
Methodology
The data is collected through regular surveys of retail establishments and then aggregated to calculate the HICP index.
Historical Context
Policymakers and analysts use this HICP sub-index to assess inflationary pressures and consumer trends in the Romanian market.
Key Facts
- The base year for the HICP index is 2015 = 100.
- Jewellery, Clocks and Watches account for approximately 1.2% of the total Romanian consumer basket.
- Prices for these products have risen by 12.4% in Romania over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Jewellery, Clocks and Watches in Romania tracks the prices of these products over time as a component of the overall consumer price index.
Q: Why is this trend relevant for users or analysts?
A: This HICP sub-index provides insights into inflationary pressures and consumer spending patterns for these discretionary items in the Romanian market, which is useful for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retail establishments in Romania and then aggregated to calculate the HICP index.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this HICP sub-index, along with the overall HICP, to monitor inflation and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: There is typically a 1-2 month delay in the release of the HICP data, and the index may not fully capture all price changes in the market.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Jewellery, Clocks and Watches for Romania (CP1231ROM086NEST), retrieved from FRED.