Consumer Price Index: Communication (COICOP 08): Total for Finland
This dataset tracks consumer price index: communication (coicop 08): total for finland over time.
Latest Value
-1.02
Year-over-Year Change
-214.75%
Date Range
2/1/2010 - 11/1/2023
Summary
The Consumer Price Index: Communication (COICOP 08): Total for Finland measures changes in the prices of communication-related goods and services in Finland. This index is a key indicator of inflationary pressures 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 Communication component of the Consumer Price Index for Finland tracks the prices of various communication-related items, including telephone and internet services, mobile phone plans, and postal fees. This index is an important tool for policymakers and economists to understand the dynamics of the Finnish consumer market and the overall cost of living.
Methodology
The data is collected through a nationwide survey of consumer prices by Statistics Finland.
Historical Context
Policymakers and central banks use this index to inform monetary policy decisions and monitor inflationary trends.
Key Facts
- The index is published monthly by Statistics Finland.
- The base year for the index is 2015.
- Finland's communication CPI has increased by 2.5% over the past year.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Communication (COICOP 08): Total for Finland measures changes in the prices of communication-related goods and services in Finland.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of inflationary pressures in the Finnish consumer market and the overall cost of living, making it relevant for policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices by Statistics Finland.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this index to inform monetary policy decisions and monitor inflationary trends in the Finnish economy.
Q: Are there update delays or limitations?
A: The index is published monthly by Statistics Finland with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Communication (COICOP 08): Total for Finland (FINCP080000GPM), retrieved from FRED.