Harmonized Index of Consumer Prices: Household Textiles for Bulgaria
CP0520BGM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.35
Year-over-Year Change
1.64%
Date Range
12/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Household Textiles in Bulgaria measures changes in the prices paid by Bulgarian consumers for textile products used in the home. This metric is a key indicator of inflationary pressures and consumer spending patterns.
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 across European Union countries. The Household Textiles component specifically tracks the cost of items like bedding, curtains, and other home textile products. Economists and policymakers use this data to assess the overall health of the Bulgarian economy.
Methodology
The HICP is calculated based on a representative basket of consumer goods and services, with data collected through surveys of retailers and service providers.
Historical Context
This economic indicator helps inform monetary policy decisions by the Bulgarian National Bank and the European Central Bank.
Key Facts
- The HICP for Household Textiles is part of the broader HICP index for Bulgaria.
- Household Textiles account for around 1% of the total Bulgarian consumer spending basket.
- Prices for Household Textiles have risen by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Household Textiles in Bulgaria tracks the changes in prices paid by consumers for textile products used in the home.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of inflationary pressures and consumer spending patterns in the Bulgarian economy, helping to inform monetary policy decisions.
Q: How is this data collected or calculated?
A: The HICP is calculated based on a representative basket of consumer goods and services, with data collected through surveys of retailers and service providers.
Q: How is this trend used in economic policy?
A: The HICP for Household Textiles in Bulgaria helps the Bulgarian National Bank and the European Central Bank assess the overall health of the Bulgarian economy and make informed monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is typically published on a monthly basis with a short delay, providing timely insights into consumer price trends.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Household Textiles for Bulgaria (CP0520BGM086NEST), retrieved from FRED.