Harmonized Index of Consumer Prices: Passenger Transport by Railway for Finland
CP0731FIM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.45
Year-over-Year Change
3.09%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Passenger Transport by Railway for Finland measures the price changes over time for railway passenger transport services in Finland. This metric is important for economists and policymakers to understand inflationary pressures and consumer spending patterns.
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 Harmonized Index of Consumer Prices (HICP) is a consistent and comparable measure of consumer price inflation across European Union member states. The Passenger Transport by Railway component tracks the prices paid by Finnish consumers for rail travel, providing insight into a key sector of the country's economy.
Methodology
The data is collected through surveys of Finnish households and businesses by Eurostat, the statistical office of the European Union.
Historical Context
Policymakers and analysts use this HICP component to assess consumer demand, price stability, and the overall state of the Finnish economy.
Key Facts
- Finland's railway system is one of the most extensive in Northern Europe.
- Rail transport accounts for a significant portion of passenger travel in Finland.
- The HICP is a key economic indicator used by the European Central Bank.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Passenger Transport by Railway for Finland measures the price changes over time for railway passenger transport services in Finland.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into inflationary pressures, consumer spending patterns, and the overall state of the Finnish economy for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Finnish households and businesses by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP component to assess consumer demand, price stability, and the overall state of the Finnish economy.
Q: Are there update delays or limitations?
A: The HICP data is published monthly by Eurostat with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Passenger Transport by Railway for Finland (CP0731FIM086NEST), retrieved from FRED.