Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Finland
FINCP060000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.32
Year-over-Year Change
285.71%
Date Range
1/1/2010 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Health in Finland measures changes in the prices of goods and services related to healthcare. It is a key indicator for monitoring inflation 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 Health CPI for Finland is part of the Harmonized Index of Consumer Prices (HICP), a comprehensive measure of inflation used across the European Union. It tracks the prices of a basket of common healthcare products and services to assess changes in the purchasing power of Finnish consumers.
Methodology
The data is collected by Statistics Finland through surveys of retailers and service providers.
Historical Context
Policymakers and central banks utilize the Health CPI to inform monetary and fiscal policies aimed at maintaining price stability.
Key Facts
- The Health CPI is a sub-index of the overall Consumer Price Index for Finland.
- The index has a base year of 2015 = 100.
- Healthcare is approximately 4% of the total consumer expenditure basket in Finland.
FAQs
Q: What does this economic trend measure?
A: The Health CPI for Finland measures changes in the prices of a basket of healthcare goods and services, including medical products, outpatient services, and hospital services.
Q: Why is this trend relevant for users or analysts?
A: The Health CPI is a key indicator for monitoring inflation and the cost of living in Finland, especially for the healthcare sector. It provides important insights for policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Finland through regular surveys of retailers and service providers.
Q: How is this trend used in economic policy?
A: The Health CPI is used by the Bank of Finland and other policymakers to assess inflationary pressures and inform monetary and fiscal policies aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The Health CPI for Finland is published monthly by Statistics Finland with a typical delay of around 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Finland (FINCP060000CTGYM), retrieved from FRED.