Harmonized Index of Consumer Prices: Gas for Finland
CP0452FIM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.92
Year-over-Year Change
5.88%
Date Range
1/1/1996 - 12/1/2001
Summary
The Harmonized Index of Consumer Prices (HICP) for Gas in Finland tracks changes in consumer prices for gasoline and other automotive fuels. This metric is crucial for policymakers monitoring inflation and consumer spending trends.
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 Gas for Finland index specifically measures price changes for automotive fuels purchased by Finnish households, providing insight into cost-of-living and energy affordability.
Methodology
The data is collected through consumer surveys and retail price observations.
Historical Context
The HICP Gas for Finland index is used by the European Central Bank and Finnish government agencies to assess inflationary pressures and make informed policy decisions.
Key Facts
- Finland's HICP Gas index has a base year of 2015.
- Automotive fuel accounts for around 4% of Finnish household expenditures.
- Gasoline and diesel prices are the main components of the HICP Gas index.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Gas in Finland tracks changes in consumer prices for automotive fuels purchased by Finnish households.
Q: Why is this trend relevant for users or analysts?
A: The HICP Gas for Finland index provides crucial insight into cost-of-living and energy affordability, which is important for policymakers monitoring inflation and consumer spending trends.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and retail price observations.
Q: How is this trend used in economic policy?
A: The HICP Gas for Finland index is used by the European Central Bank and Finnish government agencies to assess inflationary pressures and make informed policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is typically published with a 1-2 month delay.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Gas for Finland (CP0452FIM086NEST), retrieved from FRED.