Price Level of Consumption for Finland
PLOCONFIA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.76
Year-over-Year Change
16.90%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of Consumption for Finland measures the relative price level of household consumption expenditures in Finland compared to the U.S. This metric provides insights into the cost of living and purchasing power 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 Price Level of Consumption for Finland is an index that compares the price level of household consumption in Finland to the United States. It is used to analyze differences in the cost of living and purchasing power between the two countries.
Methodology
The data is calculated based on national accounts and price data collected by statistical agencies.
Historical Context
This trend is relevant for economists and policymakers analyzing international competitiveness and cross-country living standards.
Key Facts
- Finland's consumption price level was 121.3% of the U.S. level in 2021.
- The index has remained relatively stable over the past decade.
- Higher prices in Finland reflect its advanced economy and high standard of living.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Finland measures the relative price level of household consumption expenditures in Finland compared to the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the cost of living and purchasing power in the Finnish economy relative to the U.S., which is useful for analyzing international competitiveness and cross-country living standards.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts and price data collected by statistical agencies.
Q: How is this trend used in economic policy?
A: This trend is relevant for economists and policymakers analyzing international competitiveness and cross-country living standards.
Q: Are there update delays or limitations?
A: The data is updated regularly, with minimal delays, and provides a comprehensive measure of relative consumption prices in Finland.
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Citation
U.S. Federal Reserve, Price Level of Consumption for Finland (PLOCONFIA622NUPN), retrieved from FRED.