Harmonized Index of Consumer Prices: Other Purchased Transport Services for Finland
CP0736FIM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.61
Year-over-Year Change
-2.43%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Other Purchased Transport Services for Finland measures the changes in the prices of transportation services in Finland, excluding public transport. This metric is a key indicator of inflation and consumer spending patterns.
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 across European Union countries. The 'Other Purchased Transport Services' component specifically tracks changes in the prices of private transportation services like taxis, car rentals, and airlines.
Methodology
The data is collected by Statistics Finland through surveys of consumer spending and prices.
Historical Context
The HICP is used by the European Central Bank to monitor and manage inflation across the Eurozone.
Key Facts
- Finland is a member of the Eurozone.
- The HICP is published monthly.
- Transport services account for a significant portion of consumer spending.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Other Purchased Transport Services for Finland measures changes in the prices of private transportation services in Finland, excluding public transit.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of inflation and consumer spending patterns in Finland, providing insights into the costs and affordability of private transportation services.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Finland through surveys of consumer spending and prices.
Q: How is this trend used in economic policy?
A: The HICP is used by the European Central Bank to monitor and manage inflation across the Eurozone, informing monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with no significant delays.
Related Trends
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Other Purchased Transport Services for Finland (CP0736FIM086NEST), retrieved from FRED.