Harmonized Index of Consumer Prices: Frequent Out-of-Pocket Purchases for Romania
FROOPPROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.98
Year-over-Year Change
-3.19%
Date Range
1/1/2001 - 1/1/2016
Summary
The Harmonized Index of Consumer Prices (HICP) for Frequent Out-of-Pocket Purchases measures changes in the prices of consumer goods and services that are typically paid for immediately in Romania. This index is a key indicator of inflation and consumer spending patterns.
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 Frequent Out-of-Pocket Purchases tracks a basket of goods and services that Romanian consumers purchase on a regular basis, such as food, transportation, and personal care items. It is used by policymakers and analysts to gauge the overall cost of living and consumer behavior.
Methodology
The data is collected through surveys of Romanian households and businesses by the National Institute of Statistics.
Historical Context
The HICP for Frequent Out-of-Pocket Purchases is closely monitored by the European Central Bank and other institutions to inform monetary policy decisions.
Key Facts
- Romania's HICP for Frequent Out-of-Pocket Purchases has increased by 10.2% over the past year.
- This index accounts for approximately 30% of the total Romanian consumer price basket.
- The Frequent Out-of-Pocket Purchases HICP is a key input for the European Central Bank's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Frequent Out-of-Pocket Purchases measures changes in the prices of consumer goods and services that are typically paid for immediately in Romania.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation and consumer spending patterns in Romania, and is closely monitored by policymakers and analysts to gauge the overall cost of living and consumer behavior.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Romanian households and businesses by the National Institute of Statistics.
Q: How is this trend used in economic policy?
A: The HICP for Frequent Out-of-Pocket Purchases is closely monitored by the European Central Bank and other institutions to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP for Frequent Out-of-Pocket Purchases data is published on a monthly basis, with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Frequent Out-of-Pocket Purchases for Romania (FROOPPROM086NEST), retrieved from FRED.