Harmonized Index of Consumer Prices: Furnishings, Household Equipment and Routine Household Maintenance for European Union (28 Countries)
CP0500EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.62
Year-over-Year Change
0.55%
Date Range
12/1/1999 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices (HICP) for Furnishings, Household Equipment and Routine Household Maintenance tracks inflation in prices paid by European Union consumers for these household goods and services.
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 comprehensive measure of consumer price inflation across the European Union, used to assess price stability. This specific HICP index focuses on the price changes for products and services related to furnishing, equipping, and maintaining households.
Methodology
The HICP data is collected through surveys of consumer expenditures and prices by national statistical agencies.
Historical Context
Policymakers and analysts use this HICP index to understand trends in household consumption and the overall cost of living in the EU.
Key Facts
- The HICP covers over 700 consumer goods and services across the EU.
- Household furnishings and equipment account for around 5% of the total HICP basket.
- This index uses 2015 as the base year for price comparisons.
FAQs
Q: What does this economic trend measure?
A: This HICP index measures changes in the prices paid by European Union consumers for furnishings, household equipment, and routine household maintenance.
Q: Why is this trend relevant for users or analysts?
A: This HICP index provides important insights into household consumption patterns and the overall cost of living in the EU, which is relevant for policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The HICP data is collected through surveys of consumer expenditures and prices by national statistical agencies across the EU.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this HICP index as a key indicator of inflation and consumer price stability, which informs monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is typically published monthly with a lag of around one to two months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Furnishings, Household Equipment and Routine Household Maintenance for European Union (28 Countries) (CP0500EU28M086NEST), retrieved from FRED.