Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Finland
FINCP050000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.21
Year-over-Year Change
0.67%
Date Range
1/1/2010 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Furnishings, Household Equipment and Routine Household Maintenance tracks changes in the prices paid by Finnish consumers for these goods and services. This metric is a key indicator of inflation and consumer spending patterns 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 CPI for Furnishings, Household Equipment and Routine Household Maintenance is part of the broader Consumer Price Index (CPI) and Harmonized Index of Consumer Prices (HICP) measured by the Finnish statistical agency. This sub-index provides detailed insights into a specific component of consumer expenditures that is relevant for policymakers and economists analyzing household consumption trends.
Methodology
The data is collected through regular surveys of retail prices for a representative basket of household goods and services.
Historical Context
Policymakers use this CPI sub-index to monitor inflationary pressures and inform monetary policy decisions.
Key Facts
- The CPI for Furnishings, Household Equipment and Routine Household Maintenance uses 1999 as its base year.
- This sub-index accounts for approximately 6% of the total Finnish CPI basket.
- Prices are collected from over 20,000 retail outlets across Finland.
FAQs
Q: What does this economic trend measure?
A: The CPI for Furnishings, Household Equipment and Routine Household Maintenance tracks changes in the prices paid by Finnish consumers for a basket of household goods and services.
Q: Why is this trend relevant for users or analysts?
A: This CPI sub-index provides detailed insights into a key component of consumer spending, which is important for understanding broader inflationary pressures and household consumption patterns in Finland.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys of a representative basket of household goods and services across retail outlets in Finland.
Q: How is this trend used in economic policy?
A: Policymakers at the Finnish central bank and other institutions use this CPI sub-index to monitor inflationary dynamics and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The CPI data 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: Furnishings, Household Equipment and Routine Household Maintenance for Finland (FINCP050000IXOBM), retrieved from FRED.