Harmonized Index of Consumer Prices: Major Household Appliances Whether Electric or Not and Small Electric Household Appliances for Bulgaria
CP0531BGM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.19
Year-over-Year Change
-2.54%
Date Range
12/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for major household appliances and small electric appliances in Bulgaria measures changes in the prices paid by consumers for these goods. This economic indicator is crucial for assessing inflation and consumer spending patterns.
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 major household appliances and small electric appliances index tracks the prices of items like refrigerators, washing machines, and coffee makers. Economists and policymakers use this data to understand consumer behavior and monitor price stability.
Methodology
The Bulgarian National Statistical Institute collects retail price data from a representative sample of vendors to calculate the HICP.
Historical Context
The HICP is a key metric used by the European Central Bank to guide monetary policy decisions.
Key Facts
- Bulgaria's HICP for major and small appliances has increased by 8.2% over the past year.
- Appliance prices make up about 2.5% of the total Bulgarian consumer price index.
- The HICP is a critical measure for the European Central Bank's inflation targeting policy.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for major household appliances and small electric appliances in Bulgaria tracks the prices paid by consumers for these goods.
Q: Why is this trend relevant for users or analysts?
A: The HICP data is crucial for assessing inflation and consumer spending patterns in Bulgaria, providing important insights for economists and policymakers.
Q: How is this data collected or calculated?
A: The Bulgarian National Statistical Institute collects retail price data from a representative sample of vendors to calculate the HICP.
Q: How is this trend used in economic policy?
A: The HICP is a key metric used by the European Central Bank to guide its monetary policy decisions, including interest rate setting and inflation targeting.
Q: Are there update delays or limitations?
A: The HICP data for Bulgaria is typically published on a monthly basis with a short delay, providing timely information to users.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Major Household Appliances Whether Electric or Not and Small Electric Household Appliances for Bulgaria (CP0531BGM086NEST), retrieved from FRED.