Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Finland
CPALTT01FIM659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.53
Year-over-Year Change
-75.63%
Date Range
1/1/1956 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Finland measures changes in the prices of consumer goods and services purchased by Finnish households. It is a key indicator of inflation and an important tool for economic policymakers.
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 Finland, classified according to the Classification of Individual Consumption by Purpose (COICOP), tracks the monthly price changes of a comprehensive basket of consumer items. It is used to monitor inflation, adjust wages and social benefits, and inform monetary and fiscal policy decisions.
Methodology
The data is collected by Statistics Finland through surveys of prices for a representative sample of goods and services across the country.
Historical Context
The CPI is closely watched by the European Central Bank and other institutions to assess inflationary pressures and guide economic policies.
Key Facts
- Finland's CPI is based on a basket of over 400 consumer goods and services.
- The CPI is calculated using a Laspeyres price index formula.
- Finland's CPI has been published monthly since 1958.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Finland measures changes in the prices of consumer goods and services purchased by Finnish households.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation in Finland and an important tool for economic policymakers to monitor price pressures and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Finland through surveys of prices for a representative sample of goods and services across the country.
Q: How is this trend used in economic policy?
A: The CPI is closely watched by the European Central Bank and other institutions to assess inflationary pressures and guide monetary and fiscal policy decisions in Finland.
Q: Are there update delays or limitations?
A: The CPI for Finland is published monthly without significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Finland (CPALTT01FIM659N), retrieved from FRED.