Consumer Price Index: OECD Groups: Goods: Total for Finland
FINCPGRGO01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.65
Year-over-Year Change
-137.67%
Date Range
2/1/2013 - 11/1/2023
Summary
The Consumer Price Index: OECD Groups: Goods: Total for Finland measures the changes in the prices of goods consumed by Finnish households. This metric is crucial for analyzing inflation and guiding economic policymaking.
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 tracks the price changes of a representative basket of consumer goods in Finland, including both durable and non-durable products. It is a widely used indicator of the overall cost of living and a key input for making informed decisions on monetary and fiscal policies.
Methodology
The data is collected through a survey of retail prices across a representative sample of goods and services.
Historical Context
Policymakers and analysts closely monitor this index to assess the health of the Finnish economy and the effectiveness of policy interventions.
Key Facts
- The base year for the index is 2015.
- Finland's CPI for goods reached a high of 101.78 in 2022.
- The index has shown moderate inflation in recent years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: OECD Groups: Goods: Total for Finland measures the changes in the prices of a representative basket of consumer goods purchased by Finnish households.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial indicator of inflation and the overall cost of living in Finland, which is essential for guiding economic policymaking and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected through a survey of retail prices across a representative sample of consumer goods and services in Finland.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this index to assess the health of the Finnish economy and the effectiveness of monetary and fiscal policies aimed at managing inflation.
Q: Are there update delays or limitations?
A: The index is updated monthly, and there may be a short delay in the availability of the most recent data.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Goods: Total for Finland (FINCPGRGO01GPM), retrieved from FRED.