Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Finland
FINCP030000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.27
Year-over-Year Change
-83.30%
Date Range
1/1/2011 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Clothing and Footwear in Finland measures price changes in this key consumer goods category. As a component of the overall CPI, it provides insight into inflationary pressures and consumer purchasing power.
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 Clothing and Footwear CPI tracks the prices of a representative basket of apparel, accessories, and footwear items purchased by Finnish consumers. It is a crucial indicator for economists and policymakers monitoring household spending and the broader cost of living.
Methodology
The data is collected through regular price surveys of a sample of retail establishments.
Historical Context
The Clothing and Footwear CPI informs monetary policy decisions and consumer confidence assessments.
Key Facts
- Clothing and Footwear account for about 5% of the Finnish CPI basket.
- Prices in this category have risen by an average of 2.1% annually over the past decade.
- The Clothing and Footwear CPI is released monthly as part of the broader Finnish CPI report.
FAQs
Q: What does this economic trend measure?
A: The Clothing and Footwear CPI measures price changes for a representative basket of apparel, accessories, and footwear items purchased by Finnish consumers.
Q: Why is this trend relevant for users or analysts?
A: As a component of the overall CPI, the Clothing and Footwear CPI provides insight into inflationary pressures and consumer purchasing power, informing economic policy and household spending analysis.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys of a sample of retail establishments in Finland.
Q: How is this trend used in economic policy?
A: The Clothing and Footwear CPI informs monetary policy decisions and consumer confidence assessments by the Finnish government and central bank.
Q: Are there update delays or limitations?
A: The Clothing and Footwear CPI is released monthly as part of the broader Finnish CPI report, with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Finland (FINCP030000GYM), retrieved from FRED.