Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Finland
FINCP060000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.50
Year-over-Year Change
7.52%
Date Range
1/1/2010 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Health in Finland tracks changes in the prices of healthcare goods and services purchased by Finnish consumers. It is a key indicator of inflationary pressures and consumer purchasing power within the healthcare sector.
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 one of the Harmonized Indices of Consumer Prices (HICPs) used to measure consumer inflation across the European Union. It is based on the Classification of Individual Consumption by Purpose (COICOP) and covers a basket of healthcare-related goods and services.
Methodology
The data is collected through regular surveys of consumer prices by Statistics Finland.
Historical Context
The CPI for Health is used by policymakers, central banks, and analysts to assess trends in healthcare costs and the broader economic environment.
Key Facts
- The CPI for Health in Finland has a base year of 2015.
- Healthcare accounts for approximately 4% of the total Finnish consumer basket.
- Finland has one of the highest life expectancies in the world.
FAQs
Q: What does this economic trend measure?
A: The CPI for Health in Finland measures changes in the prices of healthcare goods and services purchased by Finnish consumers.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of inflationary pressures and consumer purchasing power within the healthcare sector, which is an important part of the Finnish economy.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of consumer prices by Statistics Finland.
Q: How is this trend used in economic policy?
A: The CPI for Health is used by policymakers, central banks, and analysts to assess trends in healthcare costs and the broader economic environment.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Finland (FINCP060000IXOBM), retrieved from FRED.