Harmonized Index of Consumer Prices: Furniture and Furnishings, Carpets and Other Floor Coverings for European Union (27 Countries from 2020)
CP0510EU272020M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.38
Year-over-Year Change
1.04%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Furniture and Furnishings, Carpets and Other Floor Coverings tracks changes in the prices paid by households in the European Union (27 countries) for these durable goods.
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 HICP measures consumer price inflation, a key economic indicator used by policymakers to assess the health of the European economy. The Furniture and Furnishings, Carpets and Other Floor Coverings component provides insight into consumer spending and price trends for these household items.
Methodology
The data is collected by national statistical agencies and compiled by Eurostat.
Historical Context
Policymakers and analysts monitor this HICP series to understand consumer demand and inflationary pressures.
Key Facts
- The HICP tracks consumer prices in the EU's 27 member states.
- Furniture and furnishings make up a significant portion of household budgets.
- This index can signal changes in consumer demand and inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Furniture and Furnishings, Carpets and Other Floor Coverings measures the changes in the prices paid by households in the European Union (27 countries) for these durable household goods.
Q: Why is this trend relevant for users or analysts?
A: This HICP series provides insight into consumer spending patterns and inflationary pressures within the EU economy, which is valuable information for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by national statistical agencies across the EU and compiled by Eurostat.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor this HICP series to assess consumer demand and inflationary conditions, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: There may be lags in data reporting due to the compilation process across multiple national statistical agencies.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Furniture and Furnishings, Carpets and Other Floor Coverings for European Union (27 Countries from 2020) (CP0510EU272020M086NEST), retrieved from FRED.