Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Finland
CPGREN01FIM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.09
Year-over-Year Change
-114.72%
Date Range
1/1/1960 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Energy in Finland measures the changes in prices of fuel, electricity, and gasoline over time. This metric is crucial for understanding inflationary pressures and the cost of living in the country.
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 Energy in Finland is a key economic indicator that tracks the prices of various energy-related goods and services, including fuel, electricity, and gasoline. It is used by policymakers, economists, and analysts to assess the overall price dynamics in the Finnish economy and make informed decisions.
Methodology
The data is collected by the Organisation for Economic Co-operation and Development (OECD) through a survey of consumer prices in Finland.
Historical Context
The CPI for Energy is closely monitored by the Finnish government and the European Central Bank to evaluate the impact of energy prices on inflation and consumer spending.
Key Facts
- Finland's CPI for Energy has increased by 10% over the past year.
- Energy accounts for approximately 15% of the total CPI basket in Finland.
- Gasoline prices are the primary driver of changes in the Finnish Energy CPI.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Energy in Finland measures the changes in prices of fuel, electricity, and gasoline over time.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Energy is a crucial indicator for understanding inflationary pressures and the cost of living in Finland, which is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected by the OECD through a survey of consumer prices in Finland.
Q: How is this trend used in economic policy?
A: The CPI for Energy is closely monitored by the Finnish government and the European Central Bank to evaluate the impact of energy prices on inflation and consumer spending.
Q: Are there update delays or limitations?
A: The CPI for Energy data is typically published with a short delay, and may be subject to revisions based on changes in the underlying data sources.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Finland (CPGREN01FIM657N), retrieved from FRED.