Harmonized Index of Consumer Prices: Furnishings, Household Equipment and Routine Household Maintenance for United States
CP0500USM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.44
Year-over-Year Change
0.67%
Date Range
12/1/2001 - 12/1/2024
Summary
The Harmonized Index of Consumer Prices: Furnishings, Household Equipment and Routine Household Maintenance for the United States tracks changes in the prices of household goods and services. This metric is a key indicator of consumer inflation and household 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
This index is a component of the broader Harmonized Index of Consumer Prices (HICP), which measures the changes in the prices of consumer goods and services acquired by households. The Furnishings, Household Equipment and Routine Household Maintenance index focuses specifically on the costs associated with furnishing, equipping, and maintaining a household.
Methodology
The data is collected through surveys of consumer expenditures and prices.
Historical Context
Policymakers and economists closely monitor this index as a gauge of household consumption and inflationary pressures.
Key Facts
- The index has a base year of 2015 = 100.
- Household furnishings and equipment account for about 5% of the total HICP basket.
- The index has shown moderate inflation in recent years.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of household goods and services, including furnishings, equipment, and routine maintenance.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into household spending patterns and inflationary pressures faced by consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this index as an indicator of household consumption and inflation.
Q: Are there update delays or limitations?
A: The index is published monthly, with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Furnishings, Household Equipment and Routine Household Maintenance for United States (CP0500USM086NEST), retrieved from FRED.