Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Spain
ESPCP050000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.29
Year-over-Year Change
2.65%
Date Range
1/1/2002 - 11/1/2023
Summary
The Consumer Price Index for Furnishings, Household Equipment and Routine Household Maintenance in Spain measures the average change in prices paid by consumers for a basket of household goods and services.
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 is a key indicator of inflation and consumer spending patterns in Spain. It is used by policymakers, economists, and businesses to understand broader economic trends and the cost of living for Spanish households.
Methodology
The data is collected monthly by the National Statistics Institute of Spain through surveys of consumer expenditures.
Historical Context
The index is a crucial input for the European Central Bank's monetary policy decisions.
Key Facts
- The index covers over 12,000 individual goods and services.
- Base year is 2015=100.
- Data is released monthly by the National Statistics Institute of Spain.
FAQs
Q: What does this economic trend measure?
A: This index measures the average change in prices paid by Spanish consumers for a basket of household furnishings, equipment, and maintenance services.
Q: Why is this trend relevant for users or analysts?
A: The CPI for household goods and services is a key indicator of inflation and consumer spending patterns in Spain, providing valuable insights for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected monthly through consumer expenditure surveys conducted by the National Statistics Institute of Spain.
Q: How is this trend used in economic policy?
A: This index is a crucial input for the European Central Bank's monetary policy decisions, as it reflects inflationary pressures and cost-of-living changes for Spanish households.
Q: Are there update delays or limitations?
A: The data is released monthly with a short lag, typically 2-3 weeks after 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 (ESPCP050000IXNBM), retrieved from FRED.