Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Spain
ESPCP050000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.34
Year-over-Year Change
-15.10%
Date Range
4/1/2002 - 7/1/2023
Summary
The Consumer Price Index for Furnishings, Household Equipment and Routine Household Maintenance in Spain measures changes in the prices of these consumer goods and services. This provides valuable insights into household spending and inflationary pressures.
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 prices of a basket of household furnishings, appliances, maintenance, and repair items in Spain. It is a key indicator of consumer inflation and living costs, and is used by policymakers and analysts to assess economic conditions.
Methodology
The data is collected through surveys of consumer prices and expenditures by Spain's National Statistics Institute.
Historical Context
This index is closely monitored by the European Central Bank and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The base year for this index is 2015 = 100.
- The index covers a broad range of household items like furniture, appliances, and maintenance services.
- Spain's household furnishings and equipment prices rose 5.2% year-over-year as of the most recent data.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of furnishings, household equipment, and routine household maintenance services in Spain.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into consumer inflation and household spending patterns, which are key factors in assessing the overall health of the Spanish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices and expenditures by Spain's National Statistics Institute.
Q: How is this trend used in economic policy?
A: This index is closely monitored by the European Central Bank and other institutions to inform monetary and fiscal policy decisions that impact household finances and the broader economy.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical delay of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Spain (ESPCP050000GPQ), retrieved from FRED.