Harmonized Index of Consumer Prices: Household Textiles for European Union
CP0520EUCCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.78
Year-over-Year Change
0.10%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Household Textiles measures price changes for a basket of household textile products in the European Union. This indicator is a key metric for assessing inflationary pressures and cost-of-living trends across Europe.
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 for Household Textiles is a component of the broader HICP index, which tracks the average change in prices paid by consumers for a market basket of goods and services. The household textiles category includes items like bedding, curtains, and other textile furnishings used in the home.
Methodology
The data is collected through surveys of consumer prices from a representative sample of retail outlets across EU member states.
Historical Context
Policymakers at the European Central Bank and national governments closely monitor HICP data to guide monetary and fiscal policies.
Key Facts
- The HICP for Household Textiles is a component of the broader HICP index.
- Household textiles include bedding, curtains, and other textile furnishings.
- HICP data is closely monitored by policymakers to guide monetary and fiscal policies.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Household Textiles measures price changes for a basket of household textile products in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This indicator is a key metric for assessing inflationary pressures and cost-of-living trends across Europe, which is crucial information for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices from a representative sample of retail outlets across EU member states.
Q: How is this trend used in economic policy?
A: Policymakers at the European Central Bank and national governments closely monitor HICP data to guide monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The HICP data is published on a monthly basis, with a typical lag of around 2-3 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Household Textiles for European Union (CP0520EUCCM086NEST), retrieved from FRED.