Annual
This dataset tracks annual over time.
Latest Value
107.97
Year-over-Year Change
21.00%
Date Range
1/1/1960 - 1/1/2017
Summary
The 'Annual' trend measures the annual inflation rate for consumer prices in Finland. This key economic indicator is closely watched by policymakers and analysts to assess price stability and inform monetary policy decisions.
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 'Annual' trend tracks the year-over-year percentage change in the Finnish consumer price index (CPI), a measure of the average change in prices paid by consumers for a basket of goods and services. Monitoring inflation is critical for central banks to maintain price stability and support sustainable economic growth.
Methodology
The Finnish CPI is calculated monthly by Statistics Finland based on a survey of consumer expenditures.
Historical Context
The 'Annual' inflation rate is a primary input for the European Central Bank's monetary policy, influencing interest rate decisions that impact businesses and households.
Key Facts
- Finland's inflation rate hit a high of 7.9% in 2022.
- The ECB aims to maintain eurozone inflation at 2% over the medium term.
- Rapid price increases can erode consumer purchasing power and confidence.
FAQs
Q: What does this economic trend measure?
A: The 'Annual' trend measures the year-over-year percent change in the consumer price index (CPI) for Finland, a key indicator of inflation.
Q: Why is this trend relevant for users or analysts?
A: Monitoring inflation is critical for policymakers and investors to assess price stability and make informed decisions about monetary policy, consumer spending, and investment.
Q: How is this data collected or calculated?
A: The Finnish CPI is calculated monthly by Statistics Finland based on a survey of consumer expenditures.
Q: How is this trend used in economic policy?
A: The 'Annual' inflation rate is a primary input for the European Central Bank's monetary policy, influencing interest rate decisions that impact businesses and households.
Q: Are there update delays or limitations?
A: The 'Annual' inflation data is published monthly with a short lag, providing timely information to policymakers and analysts.
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Citation
U.S. Federal Reserve, FINCPIHOUAINMEI (Annual), retrieved from FRED.