Harmonized Index of Consumer Prices: Vegetables for Finland
CP0117FIM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.38
Year-over-Year Change
-7.08%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Vegetables in Finland measures the changes in prices paid by Finnish consumers for vegetable purchases over time. This data is a key indicator of inflation and cost-of-living trends for policymakers and economists.
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 HICP for Vegetables in Finland is a component of the overall HICP, which is the standard measure of consumer price inflation across the Eurozone. Analyzing trends in this index helps economists and policymakers understand changes in the cost of living and purchasing power within the Finnish economy.
Methodology
The data is collected through a survey of retail prices paid by Finnish consumers for a representative basket of common vegetable items.
Historical Context
This economic indicator is closely monitored by the European Central Bank and Finnish government in setting monetary and fiscal policies.
Key Facts
- Finland's HICP for Vegetables has risen by 25% over the past decade.
- Vegetables account for 3.2% of the total Finnish consumer price index basket.
- Seasonal variations in vegetable prices can significantly impact the overall HICP.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Vegetables in Finland measures changes in the retail prices paid by Finnish consumers for a representative basket of common vegetable items.
Q: Why is this trend relevant for users or analysts?
A: Analyzing the HICP for Vegetables helps economists and policymakers understand changes in the cost of living and purchasing power within the Finnish economy, which is crucial for setting appropriate monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected through a survey of retail prices paid by Finnish consumers for a representative basket of common vegetable items.
Q: How is this trend used in economic policy?
A: The HICP for Vegetables in Finland is closely monitored by the European Central Bank and Finnish government, as it is a key indicator for setting monetary and fiscal policies to manage inflation and cost-of-living pressures.
Q: Are there update delays or limitations?
A: The HICP data is typically published with a 1-2 month delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Vegetables for Finland (CP0117FIM086NEST), retrieved from FRED.