Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Finland
FINCP030000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.37
Year-over-Year Change
0.27%
Date Range
1/1/2010 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Clothing and Footwear in Finland measures changes in the prices paid by consumers for a basket of apparel and shoe products. This metric is a key indicator of inflation and consumer spending trends.
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 is a subcomponent of the overall Consumer Price Index for Finland. It tracks the monthly price changes for a representative sample of clothing, shoes, and related accessories purchased by Finnish households. This data is used by policymakers and analysts to assess inflationary pressures and consumer purchasing power.
Methodology
The Finnish CPI is calculated by Statistics Finland based on a survey of retail prices for a fixed basket of consumer goods and services.
Historical Context
Trends in the Clothing and Footwear CPI provide insights into consumer demand and can inform economic and monetary policy decisions.
Key Facts
- The Clothing and Footwear CPI accounts for about 5% of the total Finnish CPI basket.
- Prices for clothing and footwear have risen by an average of 2.1% annually over the past decade in Finland.
- Apparel and shoe prices are typically more volatile than overall consumer prices.
FAQs
Q: What does this economic trend measure?
A: The Clothing and Footwear CPI measures monthly changes in the prices paid by Finnish consumers for a representative basket of apparel, shoes, and related accessories.
Q: Why is this trend relevant for users or analysts?
A: Trends in the Clothing and Footwear CPI provide insights into consumer spending patterns and inflationary pressures, which are important for economic policymaking and market analysis.
Q: How is this data collected or calculated?
A: The Finnish CPI, including the Clothing and Footwear subindex, is calculated monthly by Statistics Finland based on a survey of retail prices.
Q: How is this trend used in economic policy?
A: Movements in the Clothing and Footwear CPI are monitored by the Bank of Finland and other policymakers to assess inflationary risks and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The Clothing and Footwear CPI data for Finland is published monthly with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Finland (FINCP030000IXOBM), retrieved from FRED.