Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Finland
FINCPIENGAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.95
Year-over-Year Change
24.02%
Date Range
1/1/1955 - 1/1/2024
Summary
The Consumer Price Index (CPI) for Energy in Finland measures changes in the prices paid by consumers for energy-related goods and services. This key economic indicator is closely watched by policymakers and analysts to assess inflationary pressures 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 CPI for Energy in Finland is a subcomponent of the broader Consumer Price Index that tracks the prices of energy items in the household consumption basket. It provides insights into how energy costs are impacting Finnish consumers and overall inflation.
Methodology
The data is collected through a survey of retailers and service providers and calculated based on a representative basket of energy goods and services.
Historical Context
The CPI for Energy is used by the Bank of Finland and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Finland's CPI for Energy has a base year of 2015.
- Energy accounts for around 10% of the total Finnish CPI basket.
- Prices for motor fuels, electricity, and heating fuels are included.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Energy in Finland tracks changes in the prices paid by consumers for energy-related goods and services, including motor fuels, electricity, and heating fuels.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Energy is a key indicator of inflationary pressures and consumer purchasing power, providing insights into how energy costs are impacting Finnish households and the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through a survey of retailers and service providers and calculated based on a representative basket of energy goods and services.
Q: How is this trend used in economic policy?
A: The CPI for Energy is used by the Bank of Finland and other institutions to inform monetary and fiscal policy decisions, as energy costs are a significant component of overall consumer inflation.
Q: Are there update delays or limitations?
A: The CPI for Energy in Finland is published monthly with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Finland (FINCPIENGAINMEI), retrieved from FRED.