Harmonized Index of Consumer Prices: Jewellery, Clocks and Watches for Finland
CP1231FIM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.91
Year-over-Year Change
4.75%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Jewellery, Clocks and Watches in Finland measures price changes over time for these consumer goods. This index is a key indicator of inflation and consumer spending trends 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 standardized measure of consumer price inflation across European Union countries. The Jewellery, Clocks and Watches component tracks price changes for these discretionary luxury goods, providing insights into Finnish consumer behavior and inflationary pressures.
Methodology
The data is collected through surveys of retail prices paid by consumers in Finland.
Historical Context
Economists and policymakers monitor HICP data to assess the overall health of the Finnish economy and guide monetary and fiscal policy decisions.
Key Facts
- Finland's HICP for Jewellery, Clocks and Watches uses 2015 as the base year.
- The index has shown steady growth since 2016, indicating rising consumer demand.
- This component makes up a small portion of the overall HICP basket in Finland.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Jewellery, Clocks and Watches in Finland measures the change in retail prices paid by consumers for these discretionary luxury goods over time.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into inflationary pressures and consumer spending patterns for luxury items in Finland, which is valuable information for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail prices paid by consumers in Finland.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor HICP data, including the Jewellery, Clocks and Watches component, to assess the overall health of the Finnish economy and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a relatively short delay, providing timely information to users.
Related Trends
Consumer Price Index: OECD Groups: Housing: Total for Finland
FINCPGRHO01GPQ
Harmonized Index of Consumer Prices: Non-Energy Industrial Goods, Durables Only for Finland
IGDXEDFIM086NEST
Infra-Annual Labor Statistics: Employment Total: From 15 to 64 Years for Finland
LFEM64TTFIQ647N
Harmonized Index of Consumer Prices: Maintenance and Repair of the Dwelling for Finland
CP0430FIM086NEST
Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: 15 Years or over for Finland
LRHUTTFEFIQ156N
Harmonized Index of Consumer Prices: Sugar, Jam, Honey, Chocolate and Confectionery for Finland
CP0118FIM086NEST
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Jewellery, Clocks and Watches for Finland (CP1231FIM086NEST), retrieved from FRED.