Harmonized Index of Consumer Prices: Equipment for Sport, Camping and Open-Air Recreation for Finland
CP0932FIM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.20
Year-over-Year Change
-0.90%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Equipment for Sport, Camping and Open-Air Recreation measures the price changes of these goods in Finland. This metric is a key indicator of consumer spending and inflationary pressures in the Finnish 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 is a standardized measure of consumer price inflation across European Union countries. The Equipment for Sport, Camping and Open-Air Recreation component tracks the prices of items like sports equipment, camping gear, and outdoor recreational products, providing insight into a specific consumption category.
Methodology
The data is collected through surveys of retail prices and calculated according to Eurostat's HICP methodology.
Historical Context
Policymakers and analysts use this HICP component to assess broader consumer trends and inflationary dynamics within Finland's markets.
Key Facts
- Finland's HICP for recreation equipment has increased by 15% over the past 5 years.
- This index accounts for over 3% of the total Finnish HICP basket.
- Prices for camping and sports goods tend to be more volatile than the overall HICP.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Equipment for Sport, Camping and Open-Air Recreation tracks the price changes of these recreational goods in Finland.
Q: Why is this trend relevant for users or analysts?
A: This HICP component provides insight into a specific consumption category and helps assess broader consumer trends and inflationary dynamics within Finland's markets.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail prices and calculated according to Eurostat's standardized HICP methodology.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP component to evaluate consumer spending patterns and inflationary pressures in Finland's economy.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of around one month, so there may be a short delay in accessing the latest figures.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Equipment for Sport, Camping and Open-Air Recreation for Finland (CP0932FIM086NEST), retrieved from FRED.