Harmonized Index of Consumer Prices: Carpets and Other Floor Coverings for Estonia
CP0512EEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
140.50
Year-over-Year Change
-0.68%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Carpets and Other Floor Coverings measures changes in the retail prices of these household goods in Estonia. It is a key indicator of consumer inflation in the country.
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 consumer price inflation in the European Union. The Carpets and Other Floor Coverings index tracks price trends for a basket of these household items, providing insights into Estonian consumer spending and cost-of-living dynamics.
Methodology
The Estonian statistical agency collects price data from a representative sample of retailers to calculate this HICP sub-index.
Historical Context
Policymakers and analysts use the HICP to guide monetary and fiscal policies that aim to maintain price stability.
Key Facts
- The HICP is a harmonized, EU-wide measure of consumer price inflation.
- Carpets and floor coverings account for a small share of the Estonian consumer basket.
- Trends in this index can signal changes in household spending and living costs.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Carpets and Other Floor Coverings tracks retail price changes for these household goods in Estonia.
Q: Why is this trend relevant for users or analysts?
A: The HICP Carpets and Floor Coverings index provides insights into Estonian consumer spending patterns and inflationary pressures, which are important for economic policymaking.
Q: How is this data collected or calculated?
A: The Estonian statistical agency collects price data from a representative sample of retailers to calculate this HICP sub-index.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the HICP to guide monetary and fiscal policies aimed at maintaining price stability in Estonia and the broader Eurozone.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the index only represents a small share of the Estonian consumer basket.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Carpets and Other Floor Coverings for Estonia (CP0512EEM086NEST), retrieved from FRED.