Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Finland
FINCPHP0100IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.35
Year-over-Year Change
2.56%
Date Range
1/1/1996 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Finland measures changes in the prices paid by consumers for a basket of food and non-alcoholic beverage items. This metric is a key indicator of inflation and consumer purchasing power.
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 Food and Non-Alcoholic Beverages CPI represents a subset of the overall Finnish CPI, which tracks a broader basket of consumer goods and services. This specialized index is useful for analyzing trends in food affordability and changes in household expenditures.
Methodology
The data is collected through a nationwide survey of consumer prices by Statistics Finland.
Historical Context
Policymakers and analysts monitor this CPI component to understand the drivers of consumer inflation in Finland.
Key Facts
- Finland's Food and Non-Alcoholic Beverages CPI has a base year of 2015 = 100.
- This index accounts for approximately 16% of the total Finnish CPI basket.
- Prices are collected from over 22,000 outlets nationwide.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Finland measures changes in the prices paid by consumers for a basket of food and non-alcoholic beverage items.
Q: Why is this trend relevant for users or analysts?
A: This specialized CPI component is useful for analyzing trends in food affordability and changes in household expenditures, which are important indicators of consumer inflation.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices by Statistics Finland.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this CPI component to understand the drivers of consumer inflation in Finland.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Finland (FINCPHP0100IXOBM), retrieved from FRED.