Harmonized Index of Consumer Prices: Tools and Equipment for House and Garden for Croatia
CP0550HRM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.58
Year-over-Year Change
-1.07%
Date Range
1/1/1998 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices for Tools and Equipment for House and Garden in Croatia tracks the prices of household maintenance and improvement items. This metric provides insight into inflationary pressures and consumer purchasing power in the Croatian 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
The Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation across European Union member states. The Tools and Equipment for House and Garden component specifically monitors price changes for items like tools, gardening supplies, and home improvement materials.
Methodology
The data is collected through surveys of consumer expenditures and retail prices across Croatia.
Historical Context
Policymakers and economists use this HICP component to assess cost-of-living trends and guide monetary and fiscal policies.
Key Facts
- Croatia joined the Eurozone in 2023.
- The HICP is measured on a scale of 100, with the base year set to 2015.
- Household tools and equipment account for about 0.3% of the total Croatian consumer basket.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the prices of tools, gardening supplies, and other household equipment in Croatia, as part of the broader Harmonized Index of Consumer Prices.
Q: Why is this trend relevant for users or analysts?
A: This HICP component provides insight into inflationary pressures and consumer purchasing power for household maintenance and improvement items in the Croatian market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and retail prices across Croatia.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this HICP component to assess cost-of-living trends and guide monetary and fiscal policies in Croatia.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a typical 2-4 week lag, providing timely information on inflationary dynamics.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Tools and Equipment for House and Garden for Croatia (CP0550HRM086NEST), retrieved from FRED.