Harmonized Index of Consumer Prices: Non-Energy Industrial Goods, Non-Durables Only for Romania
IGDXENROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
147.79
Year-over-Year Change
4.73%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Non-Energy Industrial Goods, Non-Durables Only for Romania measures changes in the prices of non-energy industrial goods and non-durable consumer goods in Romania. This metric is a key indicator of inflation and consumer purchasing power.
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 tracks the prices of a fixed basket of industrial and non-durable consumer goods, excluding energy products, in Romania. It is part of the Harmonized Index of Consumer Prices (HICP), which provides a standardized measure of inflation across European Union member states.
Methodology
The data is collected through surveys of consumer prices and calculated according to Eurostat's HICP methodology.
Historical Context
Policymakers and analysts use this index to monitor price trends and assess the effectiveness of monetary and fiscal policies.
Key Facts
- Romania joined the European Union in 2007.
- The HICP is calculated monthly for all EU member states.
- Inflation targeting is a key policy tool for the European Central Bank.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Non-Energy Industrial Goods, Non-Durables Only for Romania measures changes in the prices of non-energy industrial goods and non-durable consumer goods in Romania.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation and consumer purchasing power in Romania, which is important for policymakers and analysts to monitor.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices and calculated according to Eurostat's Harmonized Index of Consumer Prices (HICP) methodology.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor price trends and assess the effectiveness of monetary and fiscal policies in Romania.
Q: Are there update delays or limitations?
A: The HICP data is published monthly, with a typical delay of around one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Non-Energy Industrial Goods, Non-Durables Only for Romania (IGDXENROM086NEST), retrieved from FRED.