Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Finland
FINCP110000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.87
Year-over-Year Change
-52.81%
Date Range
1/1/2011 - 1/1/2025
Summary
The Consumer Price Index for Restaurants and Hotels in Finland measures changes in the prices of goods and services related to dining out and lodging. This metric is a key indicator of inflation in the hospitality sector and can inform economic policy decisions.
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 for Restaurants and Hotels in Finland is a component of the broader Consumer Price Index (CPI) and Harmonized Index of Consumer Prices (HICP) for the country. It tracks the prices of food service, accommodation, and other hospitality-related expenditures from the perspective of Finnish consumers.
Methodology
The data is collected through surveys of businesses and consumers by Statistics Finland.
Historical Context
Policymakers and analysts use this index to assess inflationary pressures and consumer behavior in the Finnish hospitality industry.
Key Facts
- The index is based on 1999 spending patterns.
- Restaurants and hotels make up around 8% of the total Finnish CPI basket.
- Prices in this sector have risen by 30% since 2010.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Restaurants and Hotels in Finland measures changes in the prices of goods and services related to dining out and lodging for Finnish consumers.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into inflationary pressures and consumer behavior in Finland's hospitality industry, which is an important sector of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and consumers by Statistics Finland.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess inflationary pressures and consumer behavior in the Finnish hospitality industry, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a relatively short delay, but may be subject to revisions and can be influenced by seasonal factors.
Related Trends
Harmonized Index of Consumer Prices: Passenger Transport by Railway for Finland
CP0731FIM086NEST
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels for Finland
FINCP040000IXOBM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing for Finland
FINCPGRHO01GYM
Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for Finland
IRLTLT01FIM156N
Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Normalised for Finland
FINLORSGPNOSTSAM
Infra-Annual Labor Statistics: Unemployment Male: 15 Years or over for Finland
LFUNTTMAFIA647S
Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Finland (FINCP110000GYQ), retrieved from FRED.