Harmonized Index of Consumer Prices: Industrial Goods for Romania
IGOODSROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
147.24
Year-over-Year Change
3.95%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Industrial Goods for Romania tracks changes in the prices of non-food, non-service consumer goods in the Romanian economy. This metric is a key indicator of inflationary pressures and helps guide monetary policy decisions.
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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation used across European Union countries. The Industrial Goods sub-index specifically monitors price trends for manufactured products, providing insight into supply chain dynamics and consumer demand.
Methodology
The data is collected through a national survey of consumer prices by Romania's National Institute of Statistics.
Historical Context
Policymakers and analysts use this HICP sub-index to assess Romania's economic health and competitiveness.
Key Facts
- Romania joined the EU in 2007.
- Inflation targeting is a key policy objective.
- Industrial goods make up over 30% of the Romanian CPI basket.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Industrial Goods for Romania tracks changes in the prices of manufactured consumer products in the Romanian economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into inflationary pressures, consumer demand, and industrial competitiveness in Romania, which are critical inputs for economic policymaking.
Q: How is this data collected or calculated?
A: The data is collected through a national survey of consumer prices conducted by Romania's National Institute of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP sub-index to assess Romania's economic health and competitiveness, which informs monetary policy decisions and other government interventions.
Q: Are there update delays or limitations?
A: The 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: Industrial Goods for Romania (IGOODSROM086NEST), retrieved from FRED.