Consumer Price Index: Recreation and Culture (COICOP 09): Total for Finland
FINCP090000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.18
Year-over-Year Change
4.64%
Date Range
1/1/2010 - 11/1/2023
Summary
The Consumer Price Index: Recreation and Culture (COICOP 09) measures changes in the prices paid by Finnish consumers for goods and services related to recreation, cultural activities, and entertainment.
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
This index is a key indicator of inflationary trends in Finland's recreation and culture sector. It helps economists and policymakers understand consumer spending patterns and the affordability of leisure activities.
Methodology
The data is collected through a nationwide survey of consumer prices.
Historical Context
The recreation and culture CPI is used to inform monetary and fiscal policies.
Key Facts
- Finland's recreation and culture CPI has increased by 2.4% over the past year.
- Prices for cultural services make up the largest component of this index.
- The recreation and culture sector accounts for 8.4% of total consumer spending in Finland.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Recreation and Culture (COICOP 09) measures changes in the prices paid by Finnish consumers for goods and services related to recreation, cultural activities, and entertainment.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary trends in Finland's recreation and culture sector, helping economists and policymakers understand consumer spending patterns and the affordability of leisure activities.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices.
Q: How is this trend used in economic policy?
A: The recreation and culture CPI is used to inform monetary and fiscal policies in Finland.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Recreation and Culture (COICOP 09): Total for Finland (FINCP090000IXNBM), retrieved from FRED.