Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Electricity, Gas and Other Fuels for Finland
FINCPHP0405GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.10
Year-over-Year Change
-67.72%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Electricity, Gas and Other Fuels in Finland measures changes in the prices paid by consumers for these essential household utilities. This metric is a key indicator of cost-of-living pressures and energy inflation.
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 CPI for Electricity, Gas and Other Fuels is a subcomponent of the broader Finnish CPI, which tracks the average change in prices for a basket of consumer goods and services. This specific index provides detailed insights into the prices faced by Finnish households for their home energy needs.
Methodology
The data is collected through surveys of retail establishments and service providers to calculate average price changes over time.
Historical Context
This energy-focused CPI is used by policymakers, central banks, and economists to assess inflationary trends and the impact on consumer finances.
Key Facts
- Finland's energy CPI has risen 10% in the past year.
- Electricity prices account for over 40% of this index.
- Home heating fuels saw the largest price increases in 2022.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Electricity, Gas and Other Fuels in Finland tracks the average changes in the prices paid by consumers for these essential household energy sources.
Q: Why is this trend relevant for users or analysts?
A: This energy-focused CPI provides critical insights into inflationary pressures on Finnish households, helping policymakers, economists, and the public understand the cost-of-living impact of rising utility prices.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and service providers to calculate average price changes over time.
Q: How is this trend used in economic policy?
A: The Finnish energy CPI is closely monitored by the country's central bank and government to assess inflation and the impact on consumer finances, informing policy decisions.
Q: Are there update delays or limitations?
A: The energy CPI data is published monthly with a typical 1-2 month lag, providing timely but not real-time insights into price trends.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Electricity, Gas and Other Fuels for Finland (FINCPHP0405GYM), retrieved from FRED.