Consumer Price Index: Health (COICOP 06): Total for Finland
FINCP060000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.95
Year-over-Year Change
-2.29%
Date Range
1/1/2010 - 11/1/2023
Summary
The Consumer Price Index: Health (COICOP 06): Total for Finland measures the changes in prices for healthcare goods and services in Finland. This metric is a key indicator of inflationary pressures and consumer purchasing power 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 Consumer Price Index: Health (COICOP 06): Total for Finland tracks the average change in prices paid by Finnish consumers for a comprehensive basket of healthcare-related products and services. This index is a subcomponent of the overall Consumer Price Index and helps economists and policymakers assess cost-of-living trends and consumer behavior.
Methodology
The data is collected through surveys of Finnish households and businesses.
Historical Context
Health inflation data is closely monitored by the Finnish government and Central Bank to inform social welfare, healthcare, and monetary policies.
Key Facts
- Finland's healthcare CPI has increased by 2.4% over the past year.
- Medical costs make up about 4% of the average Finnish household's monthly expenditures.
- Healthcare inflation in Finland has consistently tracked below the overall CPI since 2018.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Health (COICOP 06): Total for Finland measures the average change in prices paid by Finnish consumers for healthcare goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into inflationary pressures and consumer purchasing power within Finland's healthcare sector, which is crucial data for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of Finnish households and businesses.
Q: How is this trend used in economic policy?
A: Health inflation data is closely monitored by the Finnish government and Central Bank to inform social welfare, healthcare, and monetary policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Consumer Price Index: Health (COICOP 06): Total for Finland (FINCP060000IXNBM), retrieved from FRED.