Harmonized Index of Consumer Prices: Furniture and Furnishings for Slovakia
CP0511SKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.93
Year-over-Year Change
4.88%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices for Furniture and Furnishings in Slovakia measures the price changes of household furnishings and equipment. This key economic indicator helps track inflation and consumer spending trends.
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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation used across the European Union. The Furniture and Furnishings sub-index specifically monitors price changes for items like furniture, textiles, and appliances that make up a significant portion of household budgets.
Methodology
The data is collected through surveys of retail prices and compiled by Eurostat, the EU's statistical agency.
Historical Context
This HICP sub-index is used by policymakers and analysts to assess consumer demand and inflationary pressures.
Key Facts
- Slovakia joined the Eurozone in 2009.
- Furnishings account for about 5% of the Slovak consumer price index.
- Prices for furniture and furnishings in Slovakia have risen by 20% since 2015.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Furniture and Furnishings in Slovakia tracks the price changes of household furnishings, equipment, and related items.
Q: Why is this trend relevant for users or analysts?
A: This HICP sub-index provides insight into consumer demand and inflationary pressures in the Slovak household goods market, which is an important part of the overall economy.
Q: How is this data collected or calculated?
A: The data is compiled by Eurostat through surveys of retail prices across Slovakia.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this HICP data to assess consumer spending patterns and guide monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of around one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Furniture and Furnishings for Slovakia (CP0511SKM086NEST), retrieved from FRED.