Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Israel
ISRCP050000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.31
Year-over-Year Change
4.48%
Date Range
2/1/1985 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Furnishings, Household Equipment and Routine Household Maintenance in Israel measures the changes in prices 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 CPI component tracks the costs of furnishings, appliances, tools, and routine maintenance for Israeli households. It is a key indicator of consumer spending and inflation within this economic sector.
Methodology
The data is collected through surveys of retail prices by the Israeli Central Bureau of Statistics.
Historical Context
Policymakers and analysts use this CPI to assess inflationary pressures and consumer behavior in the household goods market.
Key Facts
- The base year is 2015 = 100.
- This CPI component accounts for about 5% of the total Israeli CPI basket.
- Prices are collected from a sample of 1,700 retail outlets across Israel.
FAQs
Q: What does this economic trend measure?
A: This CPI measure tracks the changes in prices for a basket of household furnishings, appliances, tools, and routine maintenance services in Israel.
Q: Why is this trend relevant for users or analysts?
A: This CPI component is an important indicator of consumer spending, inflationary pressures, and economic conditions within the household goods sector of the Israeli economy.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys of a sample of 1,700 retail outlets across Israel by the Central Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI to assess cost-of-living changes, consumer behavior, and inflationary dynamics in the household goods market.
Q: Are there update delays or limitations?
A: The CPI data is published monthly with a typical 2-3 week delay 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 Israel (ISRCP050000GPM), retrieved from FRED.