Harmonized Index of Consumer Prices: Telephone and Telefax Equipment and Services for Romania
CP8283ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.56
Year-over-Year Change
-3.14%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Telephone and Telefax Equipment and Services in Romania measures the changes in prices for communication services and devices 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 is a standardized measure of inflation used across the European Union to track changes in the general price level of consumer goods and services. The Telephone and Telefax Equipment and Services component specifically monitors price fluctuations in the communications sector.
Methodology
The data is collected through a nationwide survey of consumer prices.
Historical Context
The HICP is a key economic indicator used by policymakers and analysts to assess inflationary pressures.
Key Facts
- The base year for the Romania HICP is 2015.
- Telephone and Telefax Services account for approximately 2.5% of the total Romanian consumer basket.
- Romania joined the EU in 2007 and began reporting HICP data the same year.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Telephone and Telefax Equipment and Services in Romania measures changes in the prices of communication-related consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: The HICP is a crucial indicator of inflationary pressures in the Romanian economy, and the Telephone and Telefax component provides insights into price dynamics in the communications sector.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices.
Q: How is this trend used in economic policy?
A: The HICP is used by policymakers, central banks, and analysts to assess and manage inflationary conditions, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Romania HICP data is published monthly with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Telephone and Telefax Equipment and Services for Romania (CP8283ROM086NEST), retrieved from FRED.