Consumer Price Index: OECD Groups: Housing: Total for Finland
FINCPGRHO01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.32
Year-over-Year Change
796.30%
Date Range
1/1/1960 - 7/1/2023
Summary
The Consumer Price Index: OECD Groups: Housing: Total for Finland measures changes in the cost of housing-related goods and services for Finnish consumers. This key economic indicator provides insight into inflationary pressures and the standard of living in Finland.
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 (CPI) is a widely-used measure of inflation that tracks the average change in prices paid by consumers for a basket of goods and services. The Housing component of the CPI specifically focuses on the costs associated with shelter, utilities, furnishings, and household operations.
Methodology
The data is collected through surveys of Finnish households and businesses by Statistics Finland.
Historical Context
Policymakers and analysts use this CPI data to assess economic conditions and make informed decisions.
Key Facts
- Finland's housing CPI has increased by 2.5% over the past year.
- Shelter costs account for over 30% of the total CPI in Finland.
- The housing component of CPI is a key input for the Bank of Finland's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This economic indicator measures changes in the prices of housing-related goods and services, including rent, utilities, and household furnishings, for consumers in Finland.
Q: Why is this trend relevant for users or analysts?
A: The housing component of the CPI is a crucial indicator of inflationary pressures and the cost of living in Finland, which is relevant for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Finnish households and businesses by Statistics Finland.
Q: How is this trend used in economic policy?
A: Policymakers, such as the Bank of Finland, use this CPI data to assess economic conditions and make informed decisions about monetary policy and other interventions.
Q: Are there update delays or limitations?
A: The CPI data is typically released on a monthly basis with a short delay, and may be subject to revisions as more complete information becomes available.
Related Trends
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Finland
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels for Finland
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Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 74 Years for Finland
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Housing: Total for Finland (FINCPGRHO01GPQ), retrieved from FRED.