Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Finland
FINCPHP1200IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.82
Year-over-Year Change
2.76%
Date Range
1/1/1996 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Miscellaneous Goods and Services in Finland measures changes in the prices of a variety of consumer items not covered in other CPI components. This metric provides insight into overall inflation trends and consumer purchasing power.
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 Miscellaneous Goods and Services CPI tracks the prices of diverse consumer products and services, including personal care, social protection, financial services, and other miscellaneous items. This index is a key component of the broader Consumer Price Index, a leading indicator of inflation used to guide monetary policy and economic analysis.
Methodology
The Finnish CPI is calculated based on a monthly survey of consumer prices across a representative basket of goods and services.
Historical Context
Policymakers and analysts closely monitor the Miscellaneous Goods and Services CPI as it reflects broader consumer price dynamics and inflationary pressures.
Key Facts
- The Miscellaneous Goods and Services CPI accounts for around 13% of the total Finnish CPI basket.
- Finland's Miscellaneous Goods and Services CPI has increased by an average of 1.5% annually over the past decade.
- Monitoring the Miscellaneous CPI helps policymakers assess broader inflationary pressures beyond just food and energy prices.
FAQs
Q: What does this economic trend measure?
A: The Miscellaneous Goods and Services CPI measures changes in the prices of a wide range of consumer items not covered in other CPI components, providing insight into overall inflation trends.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key component of the broader Consumer Price Index, a leading indicator of inflation used by policymakers and analysts to guide monetary policy and economic analysis.
Q: How is this data collected or calculated?
A: The Finnish CPI, including the Miscellaneous Goods and Services component, is calculated based on a monthly survey of consumer prices across a representative basket of goods and services.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the Miscellaneous Goods and Services CPI as it reflects broader consumer price dynamics and inflationary pressures, which are crucial inputs for guiding monetary policy decisions.
Q: Are there update delays or limitations?
A: The Miscellaneous Goods and Services CPI data is published monthly with a typical 1-2 month delay, similar to the broader CPI release schedule.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Finland (FINCPHP1200IXOBM), retrieved from FRED.