Harmonized Index of Consumer Prices: Repair of Furniture, Furnishings and Floor Coverings for Portugal
CP0513PTM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.26
Year-over-Year Change
-0.04%
Date Range
1/1/1996 - 12/1/2017
Summary
The Harmonized Index of Consumer Prices for Repair of Furniture, Furnishings and Floor Coverings in Portugal tracks changes in the cost of maintaining and repairing household furnishings. This metric is a key indicator of consumer price inflation in the household maintenance sector.
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 measures the prices paid by Portuguese consumers for the repair and maintenance of furniture, home furnishings, and floor coverings. It is part of the broader Harmonized Index of Consumer Prices (HICP), which is used to assess price stability across the Eurozone.
Methodology
The data is collected through surveys of consumer prices by Portugal's National Statistics Institute.
Historical Context
Policymakers and analysts use this index to understand inflationary pressures and household spending patterns in Portugal.
Key Facts
- Portugal's furniture repair index has risen by 5.2% over the past year.
- Repair costs make up about 0.5% of the average Portuguese household's monthly expenditures.
- The index reached an all-time high in August 2022.
FAQs
Q: What does this economic trend measure?
A: This index tracks changes in the prices paid by Portuguese consumers for the repair and maintenance of furniture, home furnishings, and floor coverings.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into inflationary pressures and household spending patterns in the home maintenance sector, which is important for understanding overall consumer price dynamics in Portugal.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices by Portugal's National Statistics Institute.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor inflationary pressures and household spending habits, which informs decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical 1-2 month delay, and may be subject to revisions based on updated source data.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Repair of Furniture, Furnishings and Floor Coverings for Portugal (CP0513PTM086NEST), retrieved from FRED.