Harmonized Index of Consumer Prices: Major Household Appliances Whether Electric or Not and Small Electric Household Appliances for Finland
CP0531FIM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.86
Year-over-Year Change
0.85%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Major Household Appliances and Small Electric Household Appliances in Finland measures the change in prices paid by Finnish consumers for these products over time. This key economic indicator provides insights into consumer spending and inflation trends.
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 major and small household appliances subindex tracks the prices of durable goods essential for modern living, making it a valuable gauge of consumer price dynamics.
Methodology
The data is collected through surveying a representative sample of retailers and service providers across Finland.
Historical Context
Policymakers and economists closely monitor HICP trends to assess inflationary pressures and the overall health of the Finnish economy.
Key Facts
- The HICP is a key economic indicator used by the European Central Bank to measure inflation.
- Finland's HICP for major and small household appliances has shown steady increases over the past decade.
- Household appliances account for a significant portion of Finnish consumer spending.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Major Household Appliances and Small Electric Household Appliances in Finland measures the change in prices paid by Finnish consumers for these products over time.
Q: Why is this trend relevant for users or analysts?
A: This HICP subindex provides valuable insights into consumer spending patterns and inflationary pressures in Finland, which is crucial information for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveying a representative sample of retailers and service providers across Finland.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor HICP trends to assess inflationary pressures and the overall health of the Finnish economy, informing policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published on a monthly basis, with minimal update delays, providing timely insights into consumer price dynamics in Finland.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Major Household Appliances Whether Electric or Not and Small Electric Household Appliances for Finland (CP0531FIM086NEST), retrieved from FRED.