Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Finland
FINCPHP0900GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.40
Year-over-Year Change
-61.11%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index for Recreation and Culture in Finland tracks changes in prices for recreational and cultural goods and services, a key component of the consumer price index. This data provides insights into inflationary pressures in the Finnish economy.
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 Recreation and Culture in Finland is a subcomponent of the overall consumer price index that focuses specifically on the prices of recreational and cultural goods and services. This metric is used by economists and policymakers to analyze broader consumer price trends and assess the state of the Finnish economy.
Methodology
The data is collected through surveys of consumer expenditures and prices by Statistics Finland.
Historical Context
Trends in the Recreation and Culture CPI are monitored by the Bank of Finland and the European Central Bank to inform monetary policy decisions.
Key Facts
- The Recreation and Culture CPI accounts for about 10% of the overall Finnish consumer price index.
- Prices for recreational and cultural goods and services have risen by an average of 2.5% annually over the past decade in Finland.
- Finland's Recreation and Culture CPI is a key input for the Harmonized Index of Consumer Prices (HICP) used by the European Central Bank.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Recreation and Culture in Finland measures changes in the prices of recreational and cultural goods and services purchased by Finnish consumers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into inflationary pressures in a key component of consumer spending, which is useful for economists and policymakers analyzing the overall state of the Finnish economy.
Q: How is this data collected or calculated?
A: The data is collected through consumer expenditure surveys and price observations by Statistics Finland.
Q: How is this trend used in economic policy?
A: Trends in the Recreation and Culture CPI are monitored by the Bank of Finland and the European Central Bank to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The Recreation and Culture CPI data is published monthly by Statistics Finland with a typical lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Finland (FINCPHP0900GYM), retrieved from FRED.