Harmonized Index of Consumer Prices: Pets and Related Products; Veterinary and Other Services for Pets for Finland
CP0934FIM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.41
Year-over-Year Change
-0.65%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Pets and Related Products; Veterinary and Other Services for Pets in Finland measures changes in the prices paid by consumers for a basket of goods and services related to pet ownership in Finland.
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 key economic indicator used to track inflation across the European Union. The Pets and Related Products; Veterinary and Other Services for Pets component provides insights into changes in the cost of pet-related expenses for Finnish consumers.
Methodology
The data is collected through surveys of consumer prices and calculated using a standardized methodology across EU member states.
Historical Context
The HICP data informs economic policymaking and market analysis in Finland and the broader Eurozone.
Key Facts
- The HICP for Pet-related costs in Finland has a base year of 2015.
- This index is published monthly by Eurostat, the statistical office of the European Union.
- The Pet-related HICP is one of over 100 subindices that make up the overall HICP for Finland.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Pets and Related Products; Veterinary and Other Services for Pets measures changes in the prices paid by consumers for a basket of goods and services related to pet ownership in Finland.
Q: Why is this trend relevant for users or analysts?
A: The Pet-related HICP provides insights into a key component of household spending in Finland, informing economic policymaking and market analysis in the country and the broader Eurozone.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices and calculated using a standardized methodology across EU member states.
Q: How is this trend used in economic policy?
A: The HICP data, including the Pet-related component, is used by policymakers and analysts to monitor inflation and make informed decisions regarding monetary and fiscal policies in Finland and the Eurozone.
Q: Are there update delays or limitations?
A: The Pet-related HICP for Finland is published monthly by Eurostat with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Pets and Related Products; Veterinary and Other Services for Pets for Finland (CP0934FIM086NEST), retrieved from FRED.