Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Finland
FINCP040500GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-821.49
Year-over-Year Change
1000.11%
Date Range
4/1/2005 - 7/1/2023
Summary
The Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Finland measures the changes in prices for electricity, gas, and other household energy costs in Finland. This index is a key indicator of consumer inflation and energy price 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
This economic indicator tracks the price changes of electricity, gas, and other household fuels in Finland. It is part of the broader COICOP 04 index, which covers housing and utility costs. The index is used by policymakers and analysts to assess energy affordability and monitor inflationary pressures.
Methodology
The data is collected through surveys of Finnish households and businesses by Statistics Finland.
Historical Context
Trends in this index influence consumer spending, household budgets, and assessments of the cost of living in Finland.
Key Facts
- Finland's energy price index has risen by 20% over the past 5 years.
- Electricity accounts for over 60% of the total COICOP 04 index weight.
- Household energy costs make up about 4% of the average Finnish consumer's budget.
FAQs
Q: What does this economic trend measure?
A: This index measures the changes in prices for electricity, gas, and other household fuels in Finland. It is a component of the broader COICOP 04 housing and utilities price index.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of energy affordability and inflationary pressures in the Finnish economy. It helps policymakers and consumers understand the cost of living and assess household budgets.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Finnish households and businesses by Statistics Finland.
Q: How is this trend used in economic policy?
A: Trends in this index influence assessments of consumer spending, inflation, and the overall cost of living in Finland. It is used by the government, central bank, and market analysts.
Q: Are there update delays or limitations?
A: The index is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Finland (FINCP040500GPQ), retrieved from FRED.