Harmonized Index of Consumer Prices: Jewellery, Clocks and Watches for France
CP1231FRM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.28
Year-over-Year Change
6.57%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices for Jewellery, Clocks and Watches in France measures the price changes of these luxury consumer goods over time. This metric is closely watched by economists and policymakers to assess inflationary pressures and consumer demand.
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 Jewellery, Clocks and Watches in France is a component of the broader Harmonized Index of Consumer Prices, which tracks the weighted average change in prices paid by consumers for a market basket of goods and services. This specialized index provides insight into the luxury goods segment of the French economy.
Methodology
The data is collected through surveys of French retailers and consumers.
Historical Context
Trends in this index help inform monetary and fiscal policy decisions by the European Central Bank and French government.
Key Facts
- The base year for this index is 2015 = 100.
- Jewellery, clocks and watches account for around 1% of the total French consumer price index basket.
- Prices for these luxury goods have risen 8.4% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Jewellery, Clocks and Watches in France measures the price changes over time for these luxury consumer goods.
Q: Why is this trend relevant for users or analysts?
A: This specialized index provides insight into the luxury goods segment of the French economy and can help inform monetary and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of French retailers and consumers.
Q: How is this trend used in economic policy?
A: Trends in this index help the European Central Bank and French government assess inflationary pressures and consumer demand.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Jewellery, Clocks and Watches for France (CP1231FRM086NEST), retrieved from FRED.