Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Finland
FINCP040000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.90
Year-over-Year Change
3.92%
Date Range
1/1/2010 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas, and Other Fuels in Finland measures changes in the prices of these essential household expenses. It is a key indicator of inflation and living costs for Finnish consumers.
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 Housing, Water, Electricity, Gas, and Other Fuels in Finland tracks the prices of a basket of goods and services related to housing and utilities. This index is used by policymakers, economists, and the public to understand trends in the cost of living and monitor inflationary pressures in the Finnish economy.
Methodology
This index is calculated by Finland's statistical agency based on a survey of consumer prices.
Historical Context
The CPI for housing and utilities is closely watched by the Bank of Finland and other economic institutions to inform monetary and fiscal policy decisions.
Key Facts
- The CPI for housing and utilities has a 23.7% weight in the overall Finnish CPI basket.
- Housing and utility costs account for the largest share of household expenditures in Finland.
- The CPI for this category has risen by 2.4% over the past year.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Housing, Water, Electricity, Gas, and Other Fuels in Finland tracks changes in the prices of these essential household expenses.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation and the cost of living for Finnish consumers, making it important for policymakers, economists, and the public to monitor.
Q: How is this data collected or calculated?
A: The index is calculated by Finland's statistical agency based on a survey of consumer prices.
Q: How is this trend used in economic policy?
A: The CPI for housing and utilities is closely watched by the Bank of Finland and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insight into changes in housing and utility costs.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Finland (FINCP040000IXNBM), retrieved from FRED.