Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels for Finland
FINCPHP0405GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels for Finland measures the price changes of electricity, gas, and other household fuels in Finland. This metric is a key indicator of inflationary pressures in the energy sector, which significantly impacts household budgets and broader macroeconomic 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
This series tracks the prices of utilities and energy products consumed by Finnish households, including electricity, natural gas, and other fuels used for heating and cooking. It is part of the broader Harmonized Index of Consumer Prices (HICP), which allows for cross-country comparisons of inflation within the European Union.
Methodology
The data is collected through surveys of consumer expenditures and prices by Statistics Finland.
Historical Context
Policymakers and analysts use this index to monitor inflationary trends and assess the impact of energy costs on the overall cost of living.
Key Facts
- Finland's energy CPI has increased by 10% over the past year.
- Household energy costs account for about 8% of total consumer expenditures in Finland.
- The energy CPI is a key input for Finland's overall inflation rate.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the prices of electricity, natural gas, and other household fuels consumed by Finnish households. It is a component of the broader Harmonized Index of Consumer Prices (HICP).
Q: Why is this trend relevant for users or analysts?
A: Energy costs are a significant component of household budgets, so changes in this index can have a major impact on the overall cost of living and inflationary pressures in Finland.
Q: How is this data collected or calculated?
A: The data is collected through consumer expenditure and price surveys conducted by Statistics Finland.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor energy-related inflationary trends and assess the impact on household finances and the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels for Finland (FINCPHP0405GPM), retrieved from FRED.