Harmonized Index of Consumer Prices: Furniture and Furnishings for European Union
CP0511EUCCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.74
Year-over-Year Change
0.96%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Furniture and Furnishings in the European Union measures the change in prices for a basket of household furniture and furnishing goods over time. This indicator provides insights into consumer spending and inflation trends within the EU.
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 for Furniture and Furnishings is a component of the broader HICP, which tracks the changes in consumer prices across the Eurozone. This specific index focuses on the price movements of common household furnishings like sofas, beds, tables, and lamps, giving economists and policymakers visibility into an important segment of consumer expenditures.
Methodology
The data is collected through surveys of consumer prices from retailers across EU member states.
Historical Context
Monitoring the HICP for Furniture and Furnishings helps inform macroeconomic and monetary policy decisions within the European Union.
Key Facts
- The base year for the HICP is 2015 = 100.
- Furniture and Furnishings make up about 5% of the total HICP basket.
- Prices are tracked across 27 EU member states.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Furniture and Furnishings measures the change in prices for a basket of household furniture and furnishing goods over time within the European Union.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the HICP for Furniture and Furnishings provides insights into consumer spending and inflation trends, which is valuable information for economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices from retailers across EU member states.
Q: How is this trend used in economic policy?
A: Tracking the HICP for Furniture and Furnishings helps inform macroeconomic and monetary policy decisions within the European Union.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a typical delay of 2-3 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Furniture and Furnishings for European Union (CP0511EUCCM086NEST), retrieved from FRED.