Finland - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Finland was 115.13 as of 2021. As the graph below shows, over the past 61 years this indicator reached a maximum value of 115.13 in 2021 and a minimum value of 8.14 in 1960.

Definition: Consumer price index reflects changes in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Data are period averages.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1960 8.14
1961 8.27
1962 8.64
1963 9.07
1964 10.00
1965 10.49
1966 10.90
1967 11.49
1968 12.54
1969 12.82
1970 13.17
1971 14.02
1972 14.96
1973 16.57
1974 19.37
1975 22.82
1976 26.10
1977 29.18
1978 31.45
1979 33.80
1980 37.72
1981 41.98
1982 46.01
1983 49.86
1984 53.38
1985 56.15
1986 57.80
1987 60.18
1988 63.24
1989 67.41
1990 71.55
1991 74.64
1992 76.82
1993 78.50
1994 79.35
1995 79.98
1996 80.48
1997 81.44
1998 82.58
1999 83.54
2000 86.08
2001 88.30
2002 89.69
2003 90.48
2004 90.65
2005 91.21
2006 92.64
2007 94.97
2008 98.83
2009 98.83
2010 100.00
2011 103.42
2012 106.32
2013 107.89
2014 109.02
2015 108.79
2016 109.18
2017 110.00
2018 111.19
2019 112.33
2020 112.66
2021 115.13

Development Relevance: A general and continuing increase in an economy’s price level is called inflation. The increase in the average prices of goods and services in the economy should be distinguished from a change in the relative prices of individual goods and services. Generally accompanying an overall increase in the price level is a change in the structure of relative prices, but it is only the average increase, not the relative price changes, that constitutes inflation. A commonly used measure of inflation is the consumer price index, which measures the prices of a representative basket of goods and services purchased by a typical household. The consumer price index is usually calculated on the basis of periodic surveys of consumer prices. Other price indices are derived implicitly from indexes of current and constant price series.

Limitations and Exceptions: Consumer price indexes should be interpreted with caution. The definition of a household, the basket of goods, and the geographic (urban or rural) and income group coverage of consumer price surveys can vary widely by country. In addition, weights are derived from household expenditure surveys, which, for budgetary reasons, tend to be conducted infrequently in developing countries, impairing comparability over time. Although useful for measuring consumer price inflation within a country, consumer price indexes are of less value in comparing countries.

Statistical Concept and Methodology: Consumer price indexes are constructed explicitly, using surveys of the cost of a defined basket of consumer goods and services.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices