Consumer Price Index: Harmonized Prices: All Items Less Food, Energy, Tobacco, Alcohol: Total for Finland
FINCPHPLA01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.50
Year-over-Year Change
-266.67%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: All Items Less Food, Energy, Tobacco, Alcohol: Total for Finland measures changes in the prices of consumer goods and services, excluding food, energy, tobacco, and alcohol. It is a key indicator of inflation trends in Finland.
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 harmonized index provides a standardized measure of inflation across European Union countries, allowing for comparisons. It is used by policymakers and analysts to track price stability and guide monetary policy decisions.
Methodology
The data is collected through surveys of consumer expenditures and price quotes from retailers.
Historical Context
The index is an important input for the European Central Bank's monetary policy framework.
Key Facts
- The index excludes volatile food and energy prices.
- Finland's index is part of the Harmonized Index of Consumer Prices (HICP) used across the EU.
- The index is published monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of consumer goods and services in Finland, excluding food, energy, tobacco, and alcohol.
Q: Why is this trend relevant for users or analysts?
A: The harmonized index allows for cross-country comparisons of inflation within the European Union, making it a key input for monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and price quotes from retailers.
Q: How is this trend used in economic policy?
A: The index is an important input for the European Central Bank's monetary policy framework, helping to guide decisions on interest rates and other policy tools.
Q: Are there update delays or limitations?
A: The index is published monthly by Eurostat with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: All Items Less Food, Energy, Tobacco, Alcohol: Total for Finland (FINCPHPLA01GPM), retrieved from FRED.