Harmonized Index of Consumer Prices: Repair of Furniture, Furnishings and Floor Coverings for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0513E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.75
Year-over-Year Change
2.85%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Repair of Furniture, Furnishings and Floor Coverings for European Economic Area (EEA) measures the price changes over time for the repair and maintenance of furniture, home furnishings, and floor coverings in the EEA. This metric is a key indicator of inflation and consumer spending in the European market.
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
This index tracks the cost of repair and maintenance services for furniture, home furnishings, and floor coverings for consumers in the EEA. It is a component of the broader Harmonized Index of Consumer Prices (HICP), which is used by policymakers to assess and manage inflation across the EEA.
Methodology
The data is collected through surveys of consumer prices by national statistical agencies and compiled by Eurostat.
Historical Context
Economists and policymakers monitor this index as part of the HICP to understand trends in consumer spending and domestic economic conditions in the EEA.
Key Facts
- The EEA includes 30 countries as of 2023.
- Furniture and home furnishings account for about 5% of consumer spending in the EEA.
- The index has been compiled monthly since 1996.
FAQs
Q: What does this economic trend measure?
A: This index measures the price changes over time for the repair and maintenance of furniture, home furnishings, and floor coverings for consumers in the European Economic Area.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important component of the broader Harmonized Index of Consumer Prices (HICP), which is used by policymakers to assess and manage inflation across the EEA.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices by national statistical agencies and compiled by Eurostat.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this index as part of the HICP to understand trends in consumer spending and domestic economic conditions in the EEA.
Q: Are there update delays or limitations?
A: The index is compiled and published monthly, with a typical 1-2 month lag in data availability.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Repair of Furniture, Furnishings and Floor Coverings for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP0513E3CCM086NEST), retrieved from FRED.