Harmonized Index of Consumer Prices: Furniture and Furnishings, Carpets and Other Floor Coverings for European Union
CP0510EUCCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.73
Year-over-Year Change
1.04%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Furniture and Furnishings, Carpets and Other Floor Coverings tracks changes in the prices paid by consumers in the European Union for these household items.
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 key economic indicator used to measure and compare inflation across EU member states. The Furniture and Furnishings, Carpets and Other Floor Coverings component provides insights into consumer spending and purchasing power in this important household goods category.
Methodology
The data is collected through surveys of consumer prices by national statistical agencies and aggregated by Eurostat.
Historical Context
Policymakers and analysts use this HICP component to monitor inflationary pressures and consumer behavior.
Key Facts
- The HICP tracks price changes for over 100 consumer goods and services in the EU.
- Furniture and furnishings account for around 5% of the total HICP basket.
- The Furniture and Furnishings, Carpets and Other Floor Coverings index is published monthly.
FAQs
Q: What does this economic trend measure?
A: This HICP component measures changes in the prices consumers pay for furniture, furnishings, carpets, and other floor coverings in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into consumer spending patterns and inflationary pressures in the household goods sector, which is crucial for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices by national statistical agencies and aggregated by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this HICP component to monitor inflation and inform monetary policy decisions that impact consumer purchasing power and economic growth.
Q: Are there update delays or limitations?
A: The Furniture and Furnishings, Carpets and Other Floor Coverings HICP is published monthly with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Furniture and Furnishings, Carpets and Other Floor Coverings for European Union (CP0510EUCCM086NEST), retrieved from FRED.