Harmonized Index of Consumer Prices: Furnishings, Household Equipment and Routine Household Maintenance for European Union (27 Countries from 2020)
CP0500EU272020M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.14
Year-over-Year Change
0.86%
Date Range
12/1/1999 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Furnishings, Household Equipment and Routine Household Maintenance measures changes in the prices of household goods and services across the European Union. This metric is a key indicator of consumer inflation and cost of living.
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 used by the European Union to assess economic conditions and set monetary policy. The Furnishings, Household Equipment and Routine Household Maintenance component tracks the prices of items like furniture, appliances, cleaning supplies, and home repairs.
Methodology
The data is collected through consumer surveys and compiled by Eurostat, the European Union's statistical agency.
Historical Context
Central banks and policymakers rely on HICP data to monitor inflation and make informed decisions.
Key Facts
- The HICP for Furnishings, Household Equipment and Routine Maintenance has a weight of 6.13% in the overall HICP basket.
- Household maintenance and repair costs make up the largest share (37%) of this HICP component.
- Annual inflation in this HICP category reached a high of 10.8% in the European Union in 2022.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Furnishings, Household Equipment and Routine Household Maintenance measures changes in the prices of household goods and services across the European Union.
Q: Why is this trend relevant for users or analysts?
A: This HICP component is a key indicator of consumer inflation and cost of living, which are important factors for economic policymaking and household budgeting.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and compiled by Eurostat, the European Union's statistical agency.
Q: How is this trend used in economic policy?
A: Central banks and policymakers rely on HICP data to monitor inflation and make informed decisions about monetary policy and other economic interventions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of around 2-3 weeks, providing timely information on price trends.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Furnishings, Household Equipment and Routine Household Maintenance for European Union (27 Countries from 2020) (CP0500EU272020M086NEST), retrieved from FRED.