Harmonized Index of Consumer Prices: Carpets and Other Floor Coverings for European Union
CP0512EUCCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.71
Year-over-Year Change
1.84%
Date Range
1/1/1996 - 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 these products in the European Union. This key indicator helps economists and policymakers understand inflationary pressures and consumer spending patterns.
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 Carpets and Other Floor Coverings is a component of the broader HICP, which tracks the changes in prices of a basket of consumer goods and services across the European Union. This specialized index provides insights into the costs and affordability of home furnishings and home improvement products.
Methodology
The data is collected through surveys of consumer purchases and calculated using a standardized methodology across EU member states.
Historical Context
Trends in this index are closely monitored by the European Central Bank and other policymakers as an input for monetary policy decisions.
Key Facts
- The HICP for Carpets and Other Floor Coverings has a base year of 2015.
- This index is released monthly by Eurostat, the statistical office of the European Union.
- Prices are collected from a sample of retailers across the EU's 27 member states.
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 these products in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This specialized index provides insights into the costs and affordability of home furnishings and home improvement products, which are important for understanding consumer spending patterns and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer purchases and calculated using a standardized methodology across EU member states.
Q: How is this trend used in economic policy?
A: Trends in this index are closely monitored by the European Central Bank and other policymakers as an input for monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP for Carpets and Other Floor Coverings is released monthly by Eurostat, with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Carpets and Other Floor Coverings for European Union (CP0512EUCCM086NEST), retrieved from FRED.