Harmonized Index of Consumer Prices: Frequent Out-of-Pocket Purchases for Croatia
FROOPPHRM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.14
Year-over-Year Change
-0.51%
Date Range
1/1/2005 - 1/1/2016
Summary
The Harmonized Index of Consumer Prices: Frequent Out-of-Pocket Purchases for Croatia measures the inflation experienced by Croatian households for goods and services that are typically paid for directly out-of-pocket. This is a key economic indicator used to track consumer price dynamics.
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
This index is part of the Harmonized Index of Consumer Prices (HICP) framework, which provides a standardized measure of inflation across European Union member states. The Frequent Out-of-Pocket Purchases series focuses on a basket of goods and services that Croatian consumers pay for directly rather than through deferred payments or third-party reimbursement.
Methodology
The data is collected through consumer surveys and retail price monitoring by Croatia's national statistical agency.
Historical Context
Policymakers and analysts use this metric to assess inflationary pressures and consumer behavior in the Croatian market.
Key Facts
- Croatia's Frequent Out-of-Pocket HICP reached a record high in 2022.
- This index tends to be more volatile than the overall HICP due to its focus on immediate consumer transactions.
- Policymakers monitor this metric to gauge the impact of inflation on Croatian household budgets.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Frequent Out-of-Pocket Purchases for Croatia measures the inflation experienced by Croatian households for goods and services that are typically paid for directly out-of-pocket, such as food, transportation, and personal care items.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of inflationary pressures and consumer behavior in the Croatian market, providing insights that are useful for policymakers, economists, and investors analyzing the state of the Croatian economy.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and retail price monitoring by Croatia's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess inflationary pressures and consumer behavior in the Croatian market, informing decisions related to monetary policy, fiscal policy, and market interventions.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential revisions common to economic indicators, but the Frequent Out-of-Pocket HICP for Croatia is a well-established and widely followed metric.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Frequent Out-of-Pocket Purchases for Croatia (FROOPPHRM086NEST), retrieved from FRED.