Harmonized Index of Consumer Prices: Repair of Furniture, Furnishings and Floor Coverings for European Union
CP0513EUCCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.66
Year-over-Year Change
2.98%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Repair of Furniture, Furnishings and Floor Coverings tracks changes in the prices paid by consumers in the European Union for these household services. This metric provides valuable insights into consumer spending patterns and inflation dynamics.
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 EU, used to assess price stability. The Repair of Furniture, Furnishings and Floor Coverings component specifically monitors changes in the costs of maintaining and repairing household items, which can indicate broader economic conditions.
Methodology
The data is collected through surveys of consumer purchases and compiled by Eurostat, the statistical office of the European Union.
Historical Context
This HICP trend is closely monitored by policymakers at the European Central Bank to support monetary policy decisions.
Key Facts
- The EU HICP covers over 700 consumer goods and services.
- Household maintenance makes up around 5% of the total HICP basket.
- Prices for furniture repair have increased faster than overall inflation in recent years.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Repair of Furniture, Furnishings and Floor Coverings tracks changes in the prices paid by consumers in the European Union for these household services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into consumer spending patterns and inflation dynamics, which are closely monitored by policymakers at the European Central Bank to support monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer purchases and compiled by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: The HICP for Repair of Furniture, Furnishings and Floor Coverings is used by the European Central Bank to assess price stability and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of around 2 months, and the methodology is standardized across the European Union.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Repair of Furniture, Furnishings and Floor Coverings for European Union (CP0513EUCCM086NEST), retrieved from FRED.