Harmonized Index of Consumer Prices: Recreational and Sporting Services for Finland
CP0941FIM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.77
Year-over-Year Change
5.59%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Recreational and Sporting Services in Finland measures changes in the prices paid by Finnish consumers for recreational and sporting services. This trend is an important indicator of consumer price inflation within the service sector.
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 Recreational and Sporting Services component tracks price changes for services like sports facilities, games, and cultural activities. It is used by policymakers to assess broader economic conditions and cost-of-living trends.
Methodology
The data is collected through a survey of households and businesses across Finland.
Historical Context
This index helps the European Central Bank and Finnish government monitor price stability and make informed economic policy decisions.
Key Facts
- Prices for recreational and sporting services comprise around 3% of the Finnish consumer price index.
- The HICP for this category has increased by an average of 2.5% annually over the past decade.
- Prices for sports facilities and cultural activities are the largest components of this index.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Recreational and Sporting Services in Finland measures changes in the prices paid by Finnish consumers for recreational and sporting services.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of consumer price inflation within the service sector and helps policymakers assess broader economic conditions and cost-of-living trends in Finland.
Q: How is this data collected or calculated?
A: The data is collected through a survey of households and businesses across Finland.
Q: How is this trend used in economic policy?
A: This index helps the European Central Bank and Finnish government monitor price stability and make informed economic policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of around 2 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Recreational and Sporting Services for Finland (CP0941FIM086NEST), retrieved from FRED.