Harmonized Index of Consumer Prices: Electrical Appliances for Personal Care; Other Appliances, Articles and Products for Personal Care for Finland
CP1212FIM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.64
Year-over-Year Change
0.09%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Electrical Appliances for Personal Care and Other Appliances, Articles and Products for Personal Care in Finland tracks price changes in these household goods over time. This metric is a key indicator of consumer purchasing power and inflation.
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 inflation used across the European Union. This specific index focuses on prices for a basket of personal care products and appliances, providing insight into changing consumer demand and spending patterns in Finland.
Methodology
The data is collected through surveys of retailers and service providers by Statistics Finland.
Historical Context
Policymakers and analysts use this HICP subindex to assess broader consumer price trends and their implications for monetary and fiscal policy.
Key Facts
- Finland's HICP for personal care products and appliances has risen 20% over the past decade.
- This subindex accounts for around 1.5% of the total Finnish consumer price basket.
- Price trends in this category can indicate changes in consumer preferences and purchasing habits.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Electrical Appliances for Personal Care and Other Appliances, Articles and Products for Personal Care in Finland tracks price changes in these household goods over time.
Q: Why is this trend relevant for users or analysts?
A: This HICP subindex provides insight into changing consumer demand and spending patterns for personal care products and appliances in Finland, which is useful for policymakers and analysts assessing broader consumer price trends and their implications.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and service providers by Statistics Finland.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP subindex to assess consumer price trends and their implications for monetary and fiscal policy in Finland.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Electrical Appliances for Personal Care; Other Appliances, Articles and Products for Personal Care for Finland (CP1212FIM086NEST), retrieved from FRED.