Consumer Price Index: Harmonized Prices: All Items: Total for Finland
CPHPTT01FIM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.50
Year-over-Year Change
-141.67%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: All Items: Total for Finland measures the changes in prices for a broad basket of consumer goods and services in Finland. This key economic indicator is closely watched by policymakers to assess inflation and cost-of-living 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 Consumer Price Index (CPI) is a widely used measure of inflation that tracks the changes in prices paid by consumers for a representative market basket of goods and services. The harmonized CPI for Finland provides a standardized metric for comparing price levels across European countries.
Methodology
The data is collected through surveys of retailers and service providers across Finland.
Historical Context
The Finnish CPI is a crucial input for the European Central Bank's monetary policy decisions.
Key Facts
- Finland's CPI is harmonized with other Eurozone countries.
- The index includes over 750 individual goods and services.
- Prices are weighted by household consumption patterns.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Harmonized Prices: All Items: Total for Finland measures the changes in prices for a broad basket of consumer goods and services in Finland.
Q: Why is this trend relevant for users or analysts?
A: This key economic indicator is closely watched by policymakers, businesses, and consumers to assess inflation and cost-of-living trends in Finland.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and service providers across Finland.
Q: How is this trend used in economic policy?
A: The Finnish CPI is a crucial input for the European Central Bank's monetary policy decisions affecting the Eurozone.
Q: Are there update delays or limitations?
A: The CPI data is published monthly with a typical 2-week lag.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: All Items: Total for Finland (CPHPTT01FIM657N), retrieved from FRED.