Consumer Price Index: All Items: Total for Finland
This dataset tracks consumer price index: all items: total for finland over time.
Latest Value
121.22
Year-over-Year Change
3.25%
Date Range
1/1/1960 - 11/1/2023
Summary
The Consumer Price Index (CPI) for All Items: Total in Finland measures the average change in prices paid by consumers for a basket of goods and services. It is a key indicator of inflation and overall economic conditions.
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 Finland tracks price changes across a wide range of consumer expenditures, including food, housing, transportation, and other household costs. Economists and policymakers closely monitor the CPI to assess the country's inflationary pressures and inform monetary policy decisions.
Methodology
The data is collected through a nationwide survey of consumer expenditures and retail prices.
Historical Context
The CPI is used to adjust social benefits, wages, and other payments to maintain their real purchasing power.
Key Facts
- The CPI base year is 2015 = 100.
- Finland's CPI reached a record high of 118.7 in August 2022.
- The CPI is published monthly by Statistics Finland.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for All Items: Total in Finland measures the average change in prices paid by consumers for a basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation and overall economic conditions in Finland, and is closely monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer expenditures and retail prices.
Q: How is this trend used in economic policy?
A: The CPI is used to adjust social benefits, wages, and other payments to maintain their real purchasing power.
Q: Are there update delays or limitations?
A: The CPI is published monthly by Statistics Finland with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: Total for Finland (FINCPALTT01IXNBM), retrieved from FRED.