Harmonized Index of Consumer Prices: Unprocessed Food for Finland
FOODUNFIM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.29
Year-over-Year Change
1.97%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Unprocessed Food for Finland tracks changes in the prices of unprocessed food items in the Finnish consumer market. This metric is crucial for monitoring inflationary pressures 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 Harmonized Index of Consumer Prices (HICP) measures the changes over time in the prices of consumer goods and services acquired by households. The 'Unprocessed Food' component specifically focuses on the prices of raw, unprocessed food items, providing insight into the cost of basic sustenance for Finnish consumers.
Methodology
The data is collected through surveys of retail outlets and compiled by Statistics Finland.
Historical Context
This index is widely used by policymakers, economists, and market analysts to assess the state of the Finnish economy and consumer market.
Key Facts
- Finland's HICP Unprocessed Food index has a base year of 2015.
- Unprocessed food accounts for approximately 7% of the total Finnish HICP basket.
- Prices of unprocessed foods can be volatile, reflecting changes in agricultural production and supply chains.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Unprocessed Food for Finland tracks changes in the prices of raw, unprocessed food items in the Finnish consumer market.
Q: Why is this trend relevant for users or analysts?
A: This index provides crucial insight into inflationary pressures and the cost of basic sustenance for Finnish consumers, which is valuable information for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail outlets and compiled by Statistics Finland.
Q: How is this trend used in economic policy?
A: The Unprocessed Food HICP is widely used by policymakers, economists, and market analysts to assess the state of the Finnish economy and consumer market.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be some delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Unprocessed Food for Finland (FOODUNFIM086NEST), retrieved from FRED.