Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Argentina
ARGCP050000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,081.53
Year-over-Year Change
499.34%
Date Range
1/1/2017 - 7/1/2023
Summary
The Consumer Price Index (CPI) for Furnishings, Household Equipment and Routine Household Maintenance in Argentina 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 trend represents the inflation rate for a subset of consumer purchases related to furnishings, appliances, and home maintenance. It is a key indicator for assessing changes in the cost of living and consumer spending patterns in Argentina.
Methodology
The data is collected through a survey of households and retail establishments by Argentina's national statistics agency.
Historical Context
Policymakers and analysts use this index to monitor inflationary pressures and guide economic decision-making.
Key Facts
- The base year for this CPI index is 2018.
- Household furnishings account for approximately 5% of the consumer basket in Argentina.
- This CPI indicator has been tracked since 1943.
FAQs
Q: What does this economic trend measure?
A: This CPI trend measures the changes in prices for a basket of household goods and services in Argentina, including furnishings, appliances, and home maintenance.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of inflationary pressures and changes in the cost of living for Argentine consumers, helping to guide economic policy and business decisions.
Q: How is this data collected or calculated?
A: The data is collected through a survey of households and retail establishments by Argentina's national statistics agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI index to monitor inflation and consumer spending patterns, informing economic decision-making.
Q: Are there update delays or limitations?
A: The CPI data is reported 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 Argentina (ARGCP050000IXNBQ), retrieved from FRED.