Harmonized Index of Consumer Prices: Telephone and Telefax Equipment and Services for Bulgaria
CP8283BGM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86.54
Year-over-Year Change
0.36%
Date Range
12/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Telephone and Telefax Equipment and Services in Bulgaria measures the change in prices for telecommunication goods and services in the country. This trend is a key indicator of inflation in the Bulgarian consumer market.
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 across European Union member states. The Telephone and Telefax Equipment and Services index tracks the prices of landline and mobile phones, internet, and other communication services in Bulgaria's consumer basket.
Methodology
The data is collected through surveys of retail prices by the National Statistical Institute of Bulgaria.
Historical Context
The HICP is used by the European Central Bank to monitor price stability and guide monetary policy decisions.
Key Facts
- The index has a base year of 2015=100.
- Telephone and Telefax Services account for around 2.5% of the Bulgarian consumer basket.
- Prices have risen by 12.5% since 2015 based on the latest data.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Telephone and Telefax Equipment and Services tracks the change in prices for communication goods and services in Bulgaria's consumer market.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into inflationary pressures in the Bulgarian telecommunications sector, which is an important component of overall consumer spending and inflation.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys by the National Statistical Institute of Bulgaria.
Q: How is this trend used in economic policy?
A: The HICP is a key metric used by the European Central Bank to monitor price stability and guide monetary policy decisions across the Eurozone.
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 Equipment and Services for Bulgaria (CP8283BGM086NEST), retrieved from FRED.