Harmonized Index of Consumer Prices: Tools and Equipment for House and Garden for Bulgaria
CP0550BGM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.62
Year-over-Year Change
0.11%
Date Range
12/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Tools and Equipment for House and Garden in Bulgaria measures the change in prices of these household items. This data is crucial for understanding the cost of living and inflationary pressures in Bulgaria.
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 Tools and Equipment for House and Garden index tracks the prices of common household tools, garden equipment, and related items, providing insights into the costs faced by Bulgarian consumers.
Methodology
The HICP data is collected through surveys of retail prices and calculated using a weighted average formula.
Historical Context
Policymakers and analysts use this HICP index to assess inflation and guide economic decision-making.
Key Facts
- Bulgaria's HICP for tools and equipment has risen by 5.2% over the past year.
- The index has a base year of 2015 = 100.
- Household goods account for approximately 8% of Bulgaria's consumer price index.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Tools and Equipment for House and Garden in Bulgaria measures the change in prices of these household items.
Q: Why is this trend relevant for users or analysts?
A: This HICP index provides crucial insights into the cost of living and inflationary pressures faced by Bulgarian consumers, informing economic decision-making.
Q: How is this data collected or calculated?
A: The HICP data is collected through surveys of retail prices and calculated using a weighted average formula.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP index to assess inflation and guide economic decision-making in Bulgaria.
Q: Are there update delays or limitations?
A: The HICP data is released on a monthly basis, with occasional revisions to previous periods.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Tools and Equipment for House and Garden for Bulgaria (CP0550BGM086NEST), retrieved from FRED.