Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for United States
USACP050000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.22
Year-over-Year Change
-216.66%
Date Range
1/1/2010 - 12/1/2023
Summary
The Consumer Price Index (CPI) for Furnishings, Household Equipment and Routine Household Maintenance measures the change in prices for a basket of household goods and services in the United States. This important economic indicator helps policymakers and analysts understand inflation trends and consumer spending patterns.
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 CPI for Furnishings, Household Equipment and Routine Household Maintenance is a sub-index of the overall Consumer Price Index, one of the most widely followed measures of inflation in the U.S. economy. It tracks the prices of household items like furniture, appliances, cleaning supplies, and other goods and services related to home maintenance and operations.
Methodology
The data is collected through surveys of consumer expenditures and retail prices by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers use this CPI sub-index to assess consumer demand, inflation pressures, and overall economic conditions.
Key Facts
- The CPI for Furnishings is a component of the broader Consumer Price Index.
- Household goods and services account for about 7% of the total CPI basket.
- This index helps track changes in the cost of running and maintaining a household.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Furnishings, Household Equipment and Routine Household Maintenance measures the change in prices for a basket of household goods and services in the United States.
Q: Why is this trend relevant for users or analysts?
A: This CPI sub-index is an important indicator for understanding inflation, consumer spending patterns, and overall economic conditions in the U.S.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and retail prices by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this CPI sub-index to assess consumer demand, inflation pressures, and overall economic conditions.
Q: Are there update delays or limitations?
A: The CPI data is published monthly by the Bureau of Labor Statistics with a short delay.
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Citation
U.S. Federal Reserve, Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for United States (USACP050000GPM), retrieved from FRED.