Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Finland
FINCP070000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.88
Year-over-Year Change
-0.97%
Date Range
1/1/2010 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Transport in Finland tracks changes in the prices of goods and services related to transportation. This metric is a key indicator of consumer inflation and is closely monitored by policymakers.
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 Transport in Finland is a component of the broader Consumer Price Index, which measures the average change in prices paid by consumers for a basket of goods and services. The Transport CPI specifically focuses on the prices of items like fuel, public transportation, and vehicle-related expenses.
Methodology
The data is collected through surveys of prices paid by Finnish consumers.
Historical Context
The Transport CPI is used by the Bank of Finland and other policymakers to assess inflationary pressures and guide monetary policy decisions.
Key Facts
- The CPI for Transport accounts for about 13% of the total Finnish CPI basket.
- Fuel prices are the largest component of the Transport CPI, making up around 60% of the index.
- The Transport CPI has shown greater volatility than the overall Finnish CPI in recent years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Transport in Finland tracks changes in the prices of goods and services related to transportation, including fuel, public transit, and vehicle-related expenses.
Q: Why is this trend relevant for users or analysts?
A: The Transport CPI is a key indicator of consumer inflation and is closely monitored by policymakers at the Bank of Finland and other institutions to assess price pressures and guide economic decision-making.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by Finnish consumers.
Q: How is this trend used in economic policy?
A: The Transport CPI is used by the Bank of Finland and other policymakers to assess inflationary pressures and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The Transport CPI data is published monthly with a typical lag of around 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Finland (FINCP070000IXOBM), retrieved from FRED.