Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Finland
FINCPHP0200IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
145.39
Year-over-Year Change
4.58%
Date Range
1/1/1996 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Finland measures changes in the prices paid by consumers for these goods and services over time. This indicator provides insight into inflationary trends and consumer spending patterns within this category.
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 Alcoholic Beverages, Tobacco and Narcotics is a component of the broader Harmonized Index of Consumer Prices (HICP) used to track inflation across the European Union. It is a key metric for policymakers and economists analyzing household consumption and the cost of living in Finland.
Methodology
The data is collected through regular price surveys of a representative basket of goods and services.
Historical Context
Trends in this CPI component are monitored by the European Central Bank and national statistical agencies to inform macroeconomic and fiscal policy decisions.
Key Facts
- Finland's CPI for Alcoholic Beverages, Tobacco and Narcotics has increased by 2.5% over the past year.
- This CPI component accounts for approximately 5% of the total HICP basket in Finland.
- Prices in this category tend to be less volatile than other consumer goods.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Finland tracks changes in the prices paid by consumers for these goods and services.
Q: Why is this trend relevant for users or analysts?
A: This CPI component provides valuable insights into inflationary pressures and consumer spending patterns within the alcohol, tobacco, and narcotics category, which is important for policymakers and economists analyzing the cost of living in Finland.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys of a representative basket of goods and services.
Q: How is this trend used in economic policy?
A: Trends in this CPI component are monitored by the European Central Bank and national statistical agencies to inform macroeconomic and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The CPI for Alcoholic Beverages, Tobacco and Narcotics in Finland is typically published on a monthly basis, with a short delay to allow for data collection and processing.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels for Finland
FINCP040000CTGYM
Business Tendency Surveys: Employment: Economic Activity: Services: Tendency for Finland
BVEMTE02FIM460S
Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Finland
LFHUTTTTFIM647S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Finland
FINCP080000IXOBM
Production: Construction: Total for Finland
FINPRCNTO01GYSAM
Deposit Money Bank Assets to GDP for Finland
DDDI02FIA156NWDB
Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Finland (FINCPHP0200IXOBM), retrieved from FRED.