Harmonized Index of Consumer Prices: Meat for Finland
CP0112FIM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.58
Year-over-Year Change
1.86%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices for Meat in Finland measures the changes in the retail prices of meat products over time. This metric is a key indicator of inflation and consumer spending trends 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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation used across the European Union. The Meat HICP specifically tracks price changes for a basket of meat products, providing insights into a major component of the overall cost of living.
Methodology
The data is collected through surveys of retailers and service providers across Finland.
Historical Context
Policymakers and analysts use the Meat HICP to assess inflationary pressures and consumer behavior.
Key Facts
- Finland's Meat HICP has increased by 2.5% over the past year.
- Meat accounts for approximately 15% of the average Finnish household's food expenditures.
- The Meat HICP is a component of Finland's overall HICP, which rose 3.1% in the last quarter.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Meat in Finland measures the changes in retail prices for a basket of meat products over time.
Q: Why is this trend relevant for users or analysts?
A: The Meat HICP provides important insights into inflationary pressures and consumer spending patterns in the Finnish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and service providers across Finland.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Meat HICP to assess inflationary trends and consumer behavior, which informs economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The Meat HICP data is published monthly with a typical 2-3 week delay.
Related Trends
International Merchandise Trade Statistics: Imports: Commodities for Finland
XTIMVA01FIQ659S
Mutual Fund Assets to GDP for Finland
DDDI07FIA156NWDB
Production: Industry: Total Industry Excluding Construction for Finland
FINPRINTO01GPSAM
Business Tendency Surveys: Selling Prices: Economic Activity: Construction: Future Tendency for Finland
BCSPFT02FIM460S
Infra-Annual Labor Statistics: Inactivity Rate Total: From 25 to 54 Years for Finland
LRIN25TTFIQ156N
Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 24 Years for Finland
LREM24MAFIA156S
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Meat for Finland (CP0112FIM086NEST), retrieved from FRED.