Leading Indicators OECD: Component series: Consumer prices: Normalised for Finland
FINLOCOPCNOSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.09
Year-over-Year Change
2.62%
Date Range
1/1/1960 - 10/1/2022
Summary
The OECD Leading Indicators: Consumer Prices for Finland tracks changes in consumer prices, which is a key measure of inflation and economic health.
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
This OECD composite indicator provides an early signal of turning points in economic activity for Finland. It is a crucial data point used by economists, policymakers, and investors to assess the state of the Finnish economy.
Methodology
The data is calculated and published monthly by the OECD based on official government sources.
Historical Context
Trends in Finnish consumer prices are closely monitored for their implications on monetary and fiscal policy decisions.
Key Facts
- Finland is a member of the OECD.
- Consumer prices account for over 50% of the OECD's Finland Leading Indicator.
- The OECD has published this indicator since 1960.
FAQs
Q: What does this economic trend measure?
A: This OECD indicator tracks changes in consumer prices in Finland, which is a key gauge of inflation and overall economic conditions.
Q: Why is this trend relevant for users or analysts?
A: Monitoring trends in Finnish consumer prices is crucial for policymakers, economists, and investors to assess the state of the Finnish economy and make informed decisions.
Q: How is this data collected or calculated?
A: The OECD calculates this indicator monthly based on official government data sources in Finland.
Q: How is this trend used in economic policy?
A: Trends in Finnish consumer prices are closely watched by the Finnish government, the European Central Bank, and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The OECD publishes this indicator with a relatively short lag, making it a timely data source for analysts. However, as with any economic indicator, there may be revisions or limitations in the underlying data.
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Citation
U.S. Federal Reserve, OECD Leading Indicators: Component series: Consumer prices: Normalised for Finland (FINLOCOPCNOSTSAM), retrieved from FRED.