Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Finland
FINCP100000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.94
Year-over-Year Change
310.26%
Date Range
1/1/2011 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Education in Finland tracks changes in the prices of educational goods and services. It is a key indicator of inflation and price dynamics in the Finnish education sector.
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 Education in Finland is a subcomponent of the national Consumer Price Index, which measures changes in the prices paid by consumers for a basket of goods and services. The Education CPI specifically focuses on prices related to educational institutions, tutoring, and other educational expenses.
Methodology
The data is collected through regular surveys of prices across Finland and aggregated to calculate the index.
Historical Context
The Education CPI is used by policymakers, economists, and analysts to understand inflationary pressures and trends in the education sector.
Key Facts
- The base year for the Education CPI in Finland is 2015.
- Education accounts for around 3% of the total Finnish CPI basket.
- The Education CPI reached its highest level in 2022.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Education in Finland measures changes in the prices of educational goods and services, including tuition, fees, and other education-related expenses.
Q: Why is this trend relevant for users or analysts?
A: The Education CPI is an important indicator for understanding inflationary pressures and price dynamics in the Finnish education sector, which is relevant for policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys across Finland and aggregated to calculate the index.
Q: How is this trend used in economic policy?
A: The Education CPI is used by policymakers, central banks, and analysts to assess inflationary trends and inform decisions related to education policy, funding, and regulation.
Q: Are there update delays or limitations?
A: The Education CPI for Finland is published on a monthly basis, with a typical 1-2 month delay in data availability.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Finland (FINCP100000GYQ), retrieved from FRED.