Harmonized Index of Consumer Prices: Tobacco for Finland
CP0220FIM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
204.58
Year-over-Year Change
7.92%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Tobacco in Finland measures changes in the retail prices of tobacco products. This metric is a key indicator of inflationary pressures and consumer spending in Finland's 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 HICP for Tobacco in Finland is a subcomponent of the broader HICP, which tracks the prices of a basket of consumer goods and services. The Tobacco category reflects changes in the cost of cigarettes, cigars, and other tobacco products purchased by Finnish households.
Methodology
The data is collected through surveys of retail establishments and calculated using a fixed-weight index formula.
Historical Context
Policymakers and analysts monitor the HICP Tobacco trend to assess overall consumer inflation and the impact of tobacco-related policies.
Key Facts
- The HICP Tobacco index has a base year of 2015 = 100.
- Tobacco accounts for approximately 2% of the total HICP basket in Finland.
- Finland has among the highest tobacco prices in the European Union.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Tobacco in Finland tracks changes in the retail prices of tobacco products, including cigarettes and cigars.
Q: Why is this trend relevant for users or analysts?
A: The HICP Tobacco trend is an important indicator of inflationary pressures and consumer spending patterns in Finland's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated using a fixed-weight index formula.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor the HICP Tobacco trend to assess overall consumer inflation and the impact of tobacco-related policies in Finland.
Q: Are there update delays or limitations?
A: The HICP Tobacco data is typically published on a monthly basis with a short lag, providing timely insights into Finnish consumer price dynamics.
Related Trends
Consumer Price Index: Harmonized Prices: All Items Less Food, Energy, Tobacco, Alcohol: Total for Finland
FINCPHPLA01GPM
Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: 25 Years or over for Finland
LRHUADFEFIQ156S
Production, Sales, Work Started and Orders: Passenger Car Registrations: Economic Activity: Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles for Finland
FINSACRMISMEI
Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Finland
LRHUTTTTFIM156S
Harmonized Index of Consumer Prices: Major Household Appliances Whether Electric or Not and Small Electric Household Appliances for Finland
CP0531FIM086NEST
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: 15 Years or over for Finland
LFINTTTTFIQ647S
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Tobacco for Finland (CP0220FIM086NEST), retrieved from FRED.