Harmonized Index of Consumer Prices: Social Protection for Romania
CP1240ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
195.32
Year-over-Year Change
10.89%
Date Range
12/1/2007 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Social Protection in Romania measures changes in the prices of goods and services related to social security and welfare, providing insights into inflationary pressures within this key economic sector.
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 used across the European Union. The Social Protection component tracks price changes for items like social security contributions, retirement benefits, and social assistance, offering valuable data for policymakers and economists analyzing Romania's social welfare system.
Methodology
The data is collected through surveys of consumer expenditures and prices by Romania's National Institute of Statistics.
Historical Context
Trends in the Social Protection HICP are closely monitored by the European Central Bank and domestic policymakers to assess the overall health of Romania's economy.
Key Facts
- Romania joined the European Union in 2007.
- The HICP is calculated using a common methodology across the EU.
- Social protection accounts for around 20% of Romania's consumer expenditures.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Social Protection in Romania tracks changes in the prices of goods and services related to social security, welfare, and other social support programs.
Q: Why is this trend relevant for users or analysts?
A: Trends in the Social Protection HICP provide important insights into inflationary pressures affecting Romania's social welfare system, which is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through consumer expenditure and price surveys conducted by Romania's National Institute of Statistics.
Q: How is this trend used in economic policy?
A: The Social Protection HICP is a key indicator used by the European Central Bank and Romanian policymakers to assess the overall health of the country's economy and make informed policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Social Protection for Romania (CP1240ROM086NEST), retrieved from FRED.