Harmonized Index of Consumer Prices: Carpets and Other Floor Coverings for European Union (27 Countries from 2020)
CP0512EU272020M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.86
Year-over-Year Change
1.84%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Carpets and Other Floor Coverings measures changes in the prices paid by consumers for this category of goods in the European Union. This index is a key indicator of inflation and helps policymakers assess economic conditions.
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 comprehensive measure of consumer price inflation for the European Union. The Carpets and Other Floor Coverings index tracks changes in the prices of this specific product category, providing insights into consumer demand and overall inflation trends.
Methodology
The HICP data is collected through surveys of retail prices and compiled by Eurostat, the statistical office of the European Union.
Historical Context
This index is used by the European Central Bank and other policymakers to monitor and manage inflation in the Eurozone.
Key Facts
- The HICP for Carpets and Other Floor Coverings has a base year of 2020.
- This index is part of the broader HICP measure of consumer inflation in the EU.
- The Carpets and Other Floor Coverings category represents approximately 0.4% of the total HICP basket.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Carpets and Other Floor Coverings measures changes in the prices paid by consumers for this category of goods in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into consumer demand and overall inflation trends, which are important for policymakers and economists assessing the state of the European economy.
Q: How is this data collected or calculated?
A: The HICP data is collected through surveys of retail prices and compiled by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: The HICP for Carpets and Other Floor Coverings is used by the European Central Bank and other policymakers to monitor and manage inflation in the Eurozone.
Q: Are there update delays or limitations?
A: The HICP data is typically released with a one-month lag, and the methodology and coverage may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Carpets and Other Floor Coverings for European Union (27 Countries from 2020) (CP0512EU272020M086NEST), retrieved from FRED.