Consumer Price Index: Housing for Finland
FINCPIHOUMINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.84
Year-over-Year Change
1.29%
Date Range
1/1/1960 - 5/1/2018
Summary
The Consumer Price Index: Housing for Finland measures changes in the prices paid by Finnish consumers for housing-related goods and services. It is a key indicator of inflationary pressures in the Finnish economy.
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 Consumer Price Index: Housing for Finland is a subcomponent of the broader Consumer Price Index, which tracks the overall cost of consumer goods and services. The housing index specifically focuses on changes in prices for rents, utilities, household furnishings, and other housing-related expenditures.
Methodology
This index is calculated by Finland's statistical agency based on a survey of consumer purchases.
Historical Context
The housing component of the CPI is closely watched by the Bank of Finland and other policymakers to assess the state of the domestic economy.
Key Facts
- Housing accounts for about 25% of the total Finnish CPI.
- Shelter costs are the largest component of the housing index.
- The housing CPI has risen by an average of 2.5% per year over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Housing for Finland measures changes in the prices paid by Finnish consumers for housing-related goods and services.
Q: Why is this trend relevant for users or analysts?
A: The housing component of the CPI is a key indicator of inflationary pressures in the Finnish economy and is closely watched by policymakers.
Q: How is this data collected or calculated?
A: This index is calculated by Finland's statistical agency based on a survey of consumer purchases.
Q: How is this trend used in economic policy?
A: The housing CPI is used by the Bank of Finland and other policymakers to assess the state of the domestic economy.
Q: Are there update delays or limitations?
A: The housing CPI data is published monthly with a short lag, providing timely insights into housing market conditions.
Related Trends
Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Finland
FINFCLODCGGDPPT
Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Imputed Rentals for Housing: Total for Finland
FINCP040200GPM
Infra-Annual Labor Statistics: Unemployment Rate Male: From 25 to 54 Years for Finland
LRUN25MAFIQ156S
Infra-Annual Labor Statistics: Inactivity Rate Female: From 15 to 64 Years for Finland
LRIN64FEFIA156S
Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 25 Years or over for Finland
LRHUADTTFIA156S
Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Finland
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing for Finland (FINCPIHOUSINMEI), retrieved from FRED.