Harmonized Index of Consumer Prices: Services Related to Recreation, Including Repairs and Personal Care for Romania
SERVRPROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
153.73
Year-over-Year Change
8.58%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Services Related to Recreation, Including Repairs and Personal Care for Romania measures the changes in the prices of a basket of recreational and personal care services in Romania. This metric is a key indicator of consumer price dynamics and inflationary pressures 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 Services Related to Recreation, Including Repairs and Personal Care for Romania tracks the prices of a wide range of leisure and personal care services, such as cultural events, sports activities, repair services, and personal grooming. This index is an important component of the overall Harmonized Index of Consumer Prices, which is used by the European Union to monitor inflation across member states.
Methodology
The data is collected through a survey of service providers and retailers across Romania.
Historical Context
Policymakers and analysts use this index to assess trends in consumer spending and to inform monetary policy decisions.
Key Facts
- The base year for this index is 2015.
- Romania joined the European Union in 2007.
- The HICP is harmonized across EU member states.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Services Related to Recreation, Including Repairs and Personal Care for Romania measures the changes in prices for a basket of leisure and personal care services in the country.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of inflationary pressures and consumer spending patterns in the Romanian economy, which is useful for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through a survey of service providers and retailers across Romania.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess trends in consumer spending and to inform monetary policy decisions in Romania.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Services Related to Recreation, Including Repairs and Personal Care for Romania (SERVRPROM086NEST), retrieved from FRED.