Consumer Price Index: Health (COICOP 06): Total for Finland
FINCP060000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.27
Year-over-Year Change
229.15%
Date Range
2/1/2010 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Health in Finland measures the changes in prices for healthcare goods and services. This metric is crucial for understanding the cost of living and inflation trends in the Finnish economy.
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 Health in Finland is a sub-index of the overall Consumer Price Index. It tracks the price changes of a basket of healthcare-related items, including medical services, pharmaceuticals, and medical equipment. This data is used by policymakers, economists, and consumers to assess changes in the affordability of healthcare in the country.
Methodology
The data is collected through surveys of consumer expenditures and prices by Statistics Finland.
Historical Context
The CPI for Health is a key input for setting monetary and fiscal policies in Finland.
Key Facts
- Finland's CPI for Health has increased by 2.5% over the past year.
- Healthcare accounts for 7.2% of the total CPI basket in Finland.
- The CPI for Health in Finland reached an all-time high in 2021.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Health in Finland measures the changes in prices for a basket of healthcare goods and services, including medical care, pharmaceuticals, and medical equipment.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Health is a crucial indicator for understanding the cost of living and inflation trends in the Finnish healthcare sector, which is important for policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through consumer expenditure and price surveys conducted by Statistics Finland.
Q: How is this trend used in economic policy?
A: The CPI for Health is a key input for setting monetary and fiscal policies in Finland, as it helps policymakers assess changes in the affordability of healthcare for Finnish consumers.
Q: Are there update delays or limitations?
A: The CPI for Health data is published monthly by Statistics Finland, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Consumer Price Index: Health (COICOP 06): Total for Finland (FINCP060000GPM), retrieved from FRED.