Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Finland
FINCP040000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.25
Year-over-Year Change
-91.41%
Date Range
2/1/2010 - 11/1/2023
Summary
The Consumer Price Index for Housing, Water, Electricity, Gas, and Other Fuels in Finland measures changes in the prices of these essential household expenses over time. This data is critical for economists and policymakers to understand inflationary pressures and the cost of living.
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 COICOP 04 index tracks the prices of a basket of housing-related goods and services in Finland, including rent, utilities, and other residential expenditures. This metric provides insight into housing affordability and the overall consumer price environment.
Methodology
The data is collected through surveys of Finnish consumers and businesses by Statistics Finland.
Historical Context
Policymakers use this index to inform decisions on monetary policy, subsidies, and other interventions that impact household budgets.
Key Facts
- The index has a base year of 2015.
- Housing costs make up over 23% of the total Finnish CPI basket.
- Utility prices are a major driver of changes in the COICOP 04 index.
FAQs
Q: What does this economic trend measure?
A: The COICOP 04 index measures changes in the prices of housing, water, electricity, gas, and other household fuels in Finland.
Q: Why is this trend relevant for users or analysts?
A: This index provides critical insight into inflationary pressures on essential household expenses, which is important for understanding the overall cost of living and informing economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through consumer and business surveys by Statistics Finland.
Q: How is this trend used in economic policy?
A: Policymakers use this index to inform decisions on monetary policy, subsidies, and other interventions that impact household budgets.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical 1-month delay.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Finland (FINCP040000GPM), retrieved from FRED.