Harmonized Index of Consumer Prices: Furniture and Furnishings, Carpets and Other Floor Coverings for Sweden
CP0510SEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.28
Year-over-Year Change
-0.73%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Furniture and Furnishings, Carpets and Other Floor Coverings for Sweden measures the change in prices for these consumer goods in Sweden over time.
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 part of the Harmonized Index of Consumer Prices (HICP), a key economic indicator used by the European Union to track inflation. It provides detailed data on price changes for various categories of consumer goods and services.
Methodology
The data is collected through surveys of consumer prices and calculated according to Eurostat's HICP methodology.
Historical Context
This index is used by policymakers, economists, and businesses to understand consumer price trends and inflation in the Swedish economy.
Key Facts
- The index has a base year of 2015.
- Furniture and furnishings account for about 4.5% of the Swedish consumer price index.
- Prices for this category have risen by an average of 1.2% per year over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the change in consumer prices for furniture, furnishings, carpets, and other floor coverings in Sweden.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding inflation and consumer spending patterns in the Swedish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices and calculated according to Eurostat's HICP methodology.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to monitor inflation and make decisions about monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Furniture and Furnishings, Carpets and Other Floor Coverings for Sweden (CP0510SEM086NEST), retrieved from FRED.