Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Israel
ISRCP050000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.60
Year-over-Year Change
-4.30%
Date Range
1/1/1985 - 11/1/2023
Summary
The Consumer Price Index for Furnishings, Household Equipment and Routine Household Maintenance in Israel measures changes in the prices paid by consumers for a basket of household goods and services.
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 tracks the costs of items such as furniture, appliances, textiles, and home maintenance. It is a key indicator of inflation and consumer spending patterns in the Israeli economy.
Methodology
The data is collected through surveys of prices paid by households and calculated using a weighted average.
Historical Context
Economists and policymakers monitor this index to assess inflationary pressures and consumer demand.
Key Facts
- The index base year is 2015.
- Household goods account for around 5% of the Israeli consumer price index basket.
- This index has risen by an average of 1.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices paid by Israeli consumers for a basket of household goods and services, including furniture, appliances, textiles, and home maintenance.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures and consumer spending patterns in the Israeli economy, which are important for economic policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by households and calculated using a weighted average formula.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this index to assess inflationary pressures and consumer demand, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical 1-2 month lag in data availability.
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Citation
U.S. Federal Reserve, Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Israel (ISRCP050000IXNBM), retrieved from FRED.