Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Finland
FINPITGND01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.16
Year-over-Year Change
-128.51%
Date Range
2/1/1995 - 12/1/2022
Summary
The Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Finland measures changes in wholesale prices for non-durable consumer goods produced in Finland. This index is a key indicator of inflationary pressures and manufacturing sector 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
The Producer Prices Index tracks the average change in prices received by domestic producers for their output. The non-durable consumer goods segment focuses on products with shorter lifespans, providing insights into consumer demand and retail pricing.
Methodology
The data is collected through surveys of Finnish producers and manufacturers.
Historical Context
This index is closely monitored by policymakers, economists, and market analysts to assess economic conditions and guide decision-making.
Key Facts
- Finland's non-durable consumer goods prices rose 3.2% in the last year.
- This index has a base year of 2015 = 100.
- The index covers a wide range of products, from food to personal care items.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Finland measures changes in wholesale prices for non-durable consumer goods produced in Finland.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into inflationary pressures and the health of the manufacturing sector, which are crucial for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Finnish producers and manufacturers.
Q: How is this trend used in economic policy?
A: This index is closely monitored by policymakers, economists, and market analysts to assess economic conditions and guide decision-making.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-week delay.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Finland (FINPITGND01GPM), retrieved from FRED.