Harmonized Index of Consumer Prices: Carpets and Other Floor Coverings for Germany
CP0512DEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.10
Year-over-Year Change
3.09%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Carpets and Other Floor Coverings tracks changes in the prices paid by German consumers 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 inflation across the Eurozone. The Carpets and Other Floor Coverings index is one of many specialized HICP components that provide insight into specific consumer price trends.
Methodology
The data is collected through periodic surveys of German retailers and consumers.
Historical Context
HICP data helps policymakers at the European Central Bank monitor and respond to inflationary pressures.
Key Facts
- The HICP is a harmonized statistical measure used across the Eurozone.
- Carpet and floor covering prices make up about 0.5% of the total German consumer price index.
- HICP data is released monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Carpets and Other Floor Coverings tracks changes in the prices paid by German consumers for these household items.
Q: Why is this trend relevant for users or analysts?
A: The HICP Carpets and Other Floor Coverings index provides insight into a specific component of consumer inflation in Germany, which is a key indicator monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through periodic surveys of German retailers and consumers.
Q: How is this trend used in economic policy?
A: HICP data helps policymakers at the European Central Bank monitor and respond to inflationary pressures across the Eurozone.
Q: Are there update delays or limitations?
A: HICP data is released monthly by Eurostat with minimal delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Carpets and Other Floor Coverings for Germany (CP0512DEM086NEST), retrieved from FRED.