Harmonized Index of Consumer Prices: Services, Miscellaneous for Romania
SERVMIROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
169.25
Year-over-Year Change
9.55%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Services, Miscellaneous in Romania measures changes in the prices of a basket of miscellaneous services purchased by Romanian consumers. This metric is a key indicator of inflation and consumer spending in the Romanian economy.
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 is a standardized measure of consumer price inflation across European Union countries. The Services, Miscellaneous component tracks price changes for a variety of services, including personal care, insurance, and financial services. Economists and policymakers use this data to assess overall price pressures and consumer behavior.
Methodology
The Romanian statistical agency collects price data from a representative sample of businesses to calculate the HICP on a monthly basis.
Historical Context
The HICP is used by the European Central Bank in setting monetary policy for the Eurozone.
Key Facts
- Romania joined the European Union in 2007.
- The HICP is calculated using a common methodology across the EU.
- Miscellaneous services account for about 15% of the Romanian consumer basket.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Services, Miscellaneous in Romania tracks changes in the prices of a basket of miscellaneous services purchased by Romanian consumers.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of inflation and consumer spending patterns in the Romanian economy, providing important insights for economists and policymakers.
Q: How is this data collected or calculated?
A: The Romanian statistical agency collects price data from a representative sample of businesses to calculate the HICP on a monthly basis.
Q: How is this trend used in economic policy?
A: The HICP is used by the European Central Bank in setting monetary policy for the Eurozone, of which Romania is a member.
Q: Are there update delays or limitations?
A: The HICP data is published on a monthly basis with minimal delay, providing timely insights into Romanian consumer price dynamics.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Services, Miscellaneous for Romania (SERVMIROM086NEST), retrieved from FRED.