Harmonized Index of Consumer Prices: Furniture and Furnishings, Carpets and Other Floor Coverings for Switzerland
CP0510CHM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.59
Year-over-Year Change
-3.30%
Date Range
12/1/2004 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Furniture and Furnishings, Carpets and Other Floor Coverings in Switzerland measures the change in prices paid by consumers for these household goods.
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 inflation used across the European Union. This specific index tracks the price trends of furniture, furnishings, and floor coverings, providing insight into consumer demand and household spending patterns.
Methodology
The data is collected through surveys of prices paid by households in Switzerland.
Historical Context
Economists and policymakers use this index to monitor inflation and consumer behavior.
Key Facts
- The HICP is a standardized inflation measure used across the EU.
- Furniture and furnishings account for a significant portion of household budgets.
- This index helps track changes in consumer demand and spending patterns.
FAQs
Q: What does this economic trend measure?
A: This index measures the change in prices paid by consumers in Switzerland for furniture, furnishings, carpets, and other floor coverings.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into consumer demand and household spending patterns, which are important for economists and policymakers monitoring inflation and the overall health of the Swiss economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by households in Switzerland.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this index to track inflation and consumer behavior, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Furniture and Furnishings, Carpets and Other Floor Coverings for Switzerland (CP0510CHM086NEST), retrieved from FRED.