Harmonized Index of Consumer Prices: Services Related to Recreation and Personal Care, Excluding Package Holidays and Accommodation for Romania
SRVRPOROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
147.12
Year-over-Year Change
8.33%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Services Related to Recreation and Personal Care, Excluding Package Holidays and Accommodation, measures changes in the prices of a basket of consumer services in Romania. This trend is a key indicator of inflationary pressures in the Romanian services sector.
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. This specific HICP series tracks changes in the prices of services related to recreation, culture, and personal care in Romania, excluding more volatile components like package holidays and accommodation.
Methodology
The data is collected through surveys of consumer prices and calculated according to Eurostat's HICP methodology.
Historical Context
The HICP is used by policymakers and analysts to assess overall price stability and guide monetary policy decisions.
Key Facts
- The HICP is a harmonized measure of inflation across EU countries.
- This series excludes package holidays and accommodation costs.
- The data is published monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the prices of a basket of consumer services related to recreation, culture, and personal care in Romania, excluding more volatile components like package holidays and accommodation.
Q: Why is this trend relevant for users or analysts?
A: The HICP for services in Romania is a key indicator of inflationary pressures in the country's services sector, which is crucial for policymakers and analysts assessing overall price stability and guiding monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices and calculated according to Eurostat's standardized HICP methodology.
Q: How is this trend used in economic policy?
A: The HICP is used by policymakers and analysts to assess overall price stability and guide monetary policy decisions in the European Union and its member states.
Q: Are there update delays or limitations?
A: The data is published monthly by Eurostat with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Services Related to Recreation and Personal Care, Excluding Package Holidays and Accommodation for Romania (SRVRPOROM086NEST), retrieved from FRED.