Harmonized Index of Consumer Prices: Furnishings, Household Equipment and Routine Household Maintenance for Euro Area (19 Countries)
CP0500EZ19M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.99
Year-over-Year Change
0.71%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Furnishings, Household Equipment and Routine Household Maintenance tracks changes in the prices of household goods and services across the Eurozone.
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 leading indicator of inflation used by the European Central Bank to monitor price stability. This particular index focuses on the costs associated with furnishing and maintaining a household, which are important factors in the overall cost of living.
Methodology
The HICP is calculated based on a basket of consumer goods and services, with prices collected from a representative sample of retailers.
Historical Context
Policymakers and economists closely monitor HICP trends to assess the health of the Eurozone economy and inform monetary policy decisions.
Key Facts
- The HICP is harmonized across Eurozone countries to ensure comparability.
- Household furnishings and maintenance account for about 6% of the total HICP basket.
- The HICP is published monthly by Eurostat, the statistical office of the European Union.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Furnishings, Household Equipment and Routine Household Maintenance tracks changes in the prices of household goods and services in the Eurozone.
Q: Why is this trend relevant for users or analysts?
A: This HICP index is an important indicator of inflation and the overall cost of living in the Eurozone, which is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The HICP is calculated based on a basket of consumer goods and services, with prices collected from a representative sample of retailers.
Q: How is this trend used in economic policy?
A: Policymakers and central banks like the European Central Bank use HICP data to assess inflationary pressures and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly by Eurostat with minimal delays, providing timely information on Eurozone price trends.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Furnishings, Household Equipment and Routine Household Maintenance for Euro Area (19 Countries) (CP0500EZ19M086NEST), retrieved from FRED.