Harmonized Index of Consumer Prices: Furniture and Furnishings, Carpets and Other Floor Coverings for Portugal
CP0510PTM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.35
Year-over-Year Change
-1.21%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Furniture and Furnishings, Carpets and Other Floor Coverings in Portugal measures changes in the prices paid by Portuguese consumers for these household 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 is a standardized measure of inflation used across the European Union to track changes in the general price level of consumer goods and services. This specific index focuses on the prices of furniture, furnishings, carpets, and other flooring for households in Portugal.
Methodology
The data is collected through surveys of Portuguese consumers and businesses.
Historical Context
Economists and policymakers use this index to understand inflationary pressures and trends in the Portuguese consumer market.
Key Facts
- The index is published monthly by Eurostat.
- Furniture and furnishings account for a significant portion of household spending in Portugal.
- Changes in this index can indicate shifts in consumer demand and household budgets.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the prices paid by Portuguese consumers for furniture, furnishings, carpets, and other floor coverings.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into inflationary pressures in the Portuguese consumer market, which is useful for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Portuguese consumers and businesses.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this index to understand inflationary trends and inform decisions related to monetary and fiscal policy in Portugal.
Q: Are there update delays or limitations?
A: The index is published monthly by Eurostat, with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Furniture and Furnishings, Carpets and Other Floor Coverings for Portugal (CP0510PTM086NEST), retrieved from FRED.