Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Finland
FINCPHP0300GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.30
Year-over-Year Change
-81.25%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Clothing and Footwear in Finland measures the change in prices paid by consumers for a basket of apparel and shoe items. This metric is a key indicator of consumer price trends and inflation in the Finnish retail 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 Clothing and Footwear CPI is a component of the broader Consumer Price Index, which tracks the average change in prices paid by consumers for a representative basket of goods and services. This subindex provides insight into pricing dynamics within the Finnish apparel and footwear markets.
Methodology
The data is collected through surveys of retail establishments and calculated using a modified Laspeyres formula.
Historical Context
The Clothing and Footwear CPI is used by policymakers, economists, and market analysts to assess inflationary pressures and consumer demand trends.
Key Facts
- The CPI for Clothing and Footwear has a base year of 1999.
- Apparel and footwear account for approximately 4% of the Finnish consumer price basket.
- Clothing and footwear prices tend to be more volatile than the overall CPI.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Clothing and Footwear in Finland measures the change in prices paid by consumers for a basket of apparel and shoe items.
Q: Why is this trend relevant for users or analysts?
A: The Clothing and Footwear CPI provides insight into pricing dynamics within the Finnish retail sector and is a key indicator of consumer price trends and inflation.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated using a modified Laspeyres formula.
Q: How is this trend used in economic policy?
A: The Clothing and Footwear CPI is used by policymakers, economists, and market analysts to assess inflationary pressures and consumer demand trends.
Q: Are there update delays or limitations?
A: The data is subject to the normal publication and revision schedule of the underlying statistical agencies.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Finland (FINCPHP0300GYM), retrieved from FRED.