Consumer Price Index: Transport (COICOP 07): Total for Finland
FINCP070000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.34
Year-over-Year Change
-486.96%
Date Range
2/1/2010 - 11/1/2023
Summary
The Consumer Price Index: Transport (COICOP 07): Total for Finland measures changes in the prices of transportation goods and services in Finland. This metric is a key indicator of inflationary pressures and consumer purchasing power in the Finnish economy.
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: Transport (COICOP 07): Total for Finland is a subcomponent of the overall Consumer Price Index that tracks the prices of various transportation-related goods and services, including private and public transportation, fuel, and vehicle maintenance. This index provides insights into transportation-related costs faced by Finnish consumers.
Methodology
The data is collected through surveys of retail establishments and service providers across Finland.
Historical Context
Policymakers and economists monitor this transport-focused CPI metric to assess broader inflationary trends and the state of consumer demand.
Key Facts
- Finland's transport CPI rose 5.2% year-over-year in Q2 2022.
- Fuel prices were the largest contributor to the increase.
- Rising transport costs can impact consumer spending and broader economic activity.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Transport (COICOP 07): Total for Finland measures changes in the prices of transportation goods and services in Finland, including private and public transportation, fuel, and vehicle maintenance.
Q: Why is this trend relevant for users or analysts?
A: This transport-focused CPI metric provides insights into transportation-related costs faced by Finnish consumers, which is a key factor in assessing broader inflationary pressures and consumer purchasing power in the Finnish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and service providers across Finland.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this transport CPI metric to assess inflationary trends and the state of consumer demand, which can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical 1-2 month lag between the reference period and the release date.
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Citation
U.S. Federal Reserve, Consumer Price Index: Transport (COICOP 07): Total for Finland (FINCP070000GPM), retrieved from FRED.