Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for United States
USACP050000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.22
Year-over-Year Change
15.22%
Date Range
1/1/2010 - 10/1/2023
Summary
The Consumer Price Index for Furnishings, Household Equipment and Routine Household Maintenance measures the change in prices for a basket of household items in the United States. This metric is a key indicator of inflation pressures and consumer spending.
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 Furnishings, Household Equipment and Routine Household Maintenance CPI is a component of the overall Consumer Price Index, which tracks changes in the cost of a representative basket of consumer goods and services. This subindex focuses specifically on prices for furnishings, appliances, and other household items.
Methodology
The data is collected through surveys of retail establishments and service providers by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers monitor this CPI component to gauge inflationary trends and consumer demand.
Key Facts
- The Furnishings and Household Equipment CPI accounts for about 5% of the overall CPI basket.
- This index has risen by an average of 2.1% annually over the past 10 years.
- Prices for furniture, appliances, and home maintenance services are major components of this CPI.
FAQs
Q: What does this economic trend measure?
A: The Furnishings, Household Equipment and Routine Household Maintenance CPI measures the change in prices for a basket of household items in the United States, including furniture, appliances, and home maintenance services.
Q: Why is this trend relevant for users or analysts?
A: This CPI component provides insight into inflation pressures and consumer spending patterns within the household goods sector, which is an important part of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and service providers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this CPI component to gauge inflationary trends and consumer demand, which can inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The Furnishings and Household Equipment CPI is published monthly with a 1-2 month lag, providing timely but not real-time data.
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Citation
U.S. Federal Reserve, Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for United States (USACP050000IXNBQ), retrieved from FRED.