Harmonized Index of Consumer Prices: Furniture and Furnishings for Estonia
CP0511EEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
159.03
Year-over-Year Change
4.79%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices for Furniture and Furnishings measures price changes over time for a basket of household furniture and decor items in Estonia. This key economic indicator helps analysts track consumer spending and inflation trends.
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 Furniture and Furnishings component of the HICP for Estonia tracks a representative sample of home goods like sofas, beds, tables, and other furnishings. It is a subindex of the overall HICP, a standardized inflation measure used across the EU to monitor price stability.
Methodology
The data is collected through surveys of retail establishments and calculated using a weighted average of price changes.
Historical Context
This index provides insight into household consumption patterns and cost-of-living changes that are relevant for policymakers and businesses.
Key Facts
- The HICP is a leading indicator of price trends in the Eurozone.
- Furniture and furnishings account for about 5% of the overall HICP basket in Estonia.
- The index is published monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Furniture and Furnishings tracks changes in the retail prices of home furnishings and decor items in Estonia.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into household consumption patterns and inflationary pressures related to the furniture and home goods market, which is useful for policymakers and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated using a weighted average of price changes for a representative basket of furniture and furnishings.
Q: How is this trend used in economic policy?
A: The Furniture and Furnishings HICP is used by the European Central Bank and other institutions to monitor price stability and consumer spending trends relevant for monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by Eurostat with a typical 1-2 month delay, providing timely but not real-time data on price changes in this sector.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Furniture and Furnishings for Estonia (CP0511EEM086NEST), retrieved from FRED.