Harmonized Index of Consumer Prices: Services Related to Communication for Romania
SERVCOROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.31
Year-over-Year Change
-2.76%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Services Related to Communication for Romania measures the change in prices of communication-related services in the Romanian consumer market. This indicator provides insights into the affordability and accessibility of communication services for Romanian households.
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 the European Union. The HICP: Services Related to Communication for Romania specifically tracks the prices of services like telephone and internet access, which are crucial for modern economic and social activities.
Methodology
The data is collected through consumer price surveys conducted by the Romanian National Institute of Statistics.
Historical Context
This index is used by policymakers and analysts to monitor inflationary pressures and assess the impact of communication service costs on the overall cost of living in Romania.
Key Facts
- The base year for the HICP: Services Related to Communication for Romania is 2015.
- Communication services account for approximately 3.5% of the total Romanian consumer basket.
- Prices of communication services in Romania have risen by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Services Related to Communication for Romania measures the change in prices of communication-related services in the Romanian consumer market.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into the affordability and accessibility of communication services for Romanian households, which are crucial for modern economic and social activities.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys conducted by the Romanian National Institute of Statistics.
Q: How is this trend used in economic policy?
A: This index is used by policymakers and analysts to monitor inflationary pressures and assess the impact of communication service costs on the overall cost of living in Romania.
Q: Are there update delays or limitations?
A: The HICP: Services Related to Communication for Romania is published monthly with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Services Related to Communication for Romania (SERVCOROM086NEST), retrieved from FRED.