Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Japan
JPNCP050000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.44
Year-over-Year Change
1.63%
Date Range
1/1/1970 - 6/1/2021
Summary
The Consumer Price Index (CPI) for Furnishings, Household Equipment and Routine Household Maintenance in Japan measures the change in prices for a basket of household goods and services. This key economic indicator helps assess domestic consumer inflation and purchasing power.
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 CPI for Furnishings, Household Equipment and Routine Household Maintenance tracks the prices of items such as furniture, appliances, and home maintenance services. It is a vital statistic used by policymakers, economists, and analysts to understand broader trends in Japanese consumer prices and the state of the economy.
Methodology
The data is collected monthly through surveys of consumer transactions across Japan.
Historical Context
This CPI series is closely monitored by the Bank of Japan and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Japan's CPI for Furnishings and Household Equipment has a base year of 2015.
- This index has shown modest increases over the past decade, reflecting gradual price growth.
- Household equipment and maintenance make up about 5% of the total Japanese consumer price index basket.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Furnishings, Household Equipment and Routine Household Maintenance tracks the prices of household goods and services in Japan.
Q: Why is this trend relevant for users or analysts?
A: This CPI series is a key indicator of domestic consumer inflation and purchasing power, providing insights into broader economic conditions in Japan.
Q: How is this data collected or calculated?
A: The data is collected monthly through surveys of consumer transactions across Japan.
Q: How is this trend used in economic policy?
A: The Bank of Japan and other institutions closely monitor this CPI series to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The CPI data is released on a monthly basis with minimal delays, providing timely insights into Japanese consumer price trends.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Japan (JPNCP050000IXOBM), retrieved from FRED.