Harmonized Index of Consumer Prices: Tools and Equipment for House and Garden for Germany
CP0550DEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.90
Year-over-Year Change
-1.00%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices for Tools and Equipment for House and Garden in Germany measures the change in prices for household tools, equipment, and garden supplies over time. This metric is a key indicator of consumer price inflation in the household products sector.
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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation across European Union countries. The Tools and Equipment for House and Garden index specifically tracks price changes for a basket of common household and gardening items, providing insight into consumer purchasing power and economic conditions.
Methodology
The data is collected through surveys of consumer prices at point-of-sale locations across Germany.
Historical Context
This index is used by policymakers and analysts to assess trends in household spending and the overall cost of living.
Key Facts
- The base year for the HICP index is 2015 = 100.
- Prices are collected from a sample of 27,000 retail outlets across Germany.
- The Tools and Equipment for House and Garden index makes up about 4% of the total German HICP basket.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Tools and Equipment for House and Garden in Germany measures the change in prices for a basket of common household and gardening products over time.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into consumer purchasing power and inflationary pressures in the household products sector, which is an important component of overall consumer spending.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices at a sample of retail outlets across Germany.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess trends in household spending and the overall cost of living, which informs decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Tools and Equipment for House and Garden for Germany (CP0550DEM086NEST), retrieved from FRED.