Harmonized Index of Consumer Prices: Coffee, Tea and Cocoa for Finland
CP0121FIM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
198.48
Year-over-Year Change
31.91%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Coffee, Tea and Cocoa in Finland measures changes in the prices paid by Finnish consumers for these products over time. This trend is a key indicator of inflationary pressures and consumer purchasing power in the Finnish market.
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 is a standardized measure of consumer price inflation across European Union countries, allowing for cross-country comparisons. The Coffee, Tea and Cocoa index specifically tracks price movements in this important consumer goods category, providing insights into the cost of living and household expenditures.
Methodology
The data is collected through regular surveys of retail outlets and service providers across Finland.
Historical Context
Policymakers and economists analyze HICP trends to inform monetary and fiscal policies that aim to maintain price stability.
Key Facts
- The HICP is harmonized across the European Union for comparable measurement.
- Coffee, tea and cocoa account for a significant portion of household budgets in Finland.
- Stable HICP trends indicate low and controlled inflation in the Finnish economy.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Coffee, Tea and Cocoa in Finland measures changes in the prices paid by Finnish consumers for these products over time.
Q: Why is this trend relevant for users or analysts?
A: This trend provides key insights into inflationary pressures and consumer purchasing power in the Finnish market, which is crucial information for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retail outlets and service providers across Finland.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze HICP trends to inform monetary and fiscal policies that aim to maintain price stability in the Finnish economy.
Q: Are there update delays or limitations?
A: The HICP data is published regularly with minimal delays, providing timely insights into consumer price movements in Finland.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Coffee, Tea and Cocoa for Finland (CP0121FIM086NEST), retrieved from FRED.