Cost-of-living index
Producer: Statistics Finland
Homepage: http://
www.stat.fi/til/eki/index_en.html
Main topic: Prices and Costs
Related topics:
Official Statistics of Finland (OSF): No
European Statistical System (ESS): No
Description
The cost-of-living index 1951:10 =100 is a long time series calculated from the latest consumer price index (currently consumer price index 2000 = 100) and its development, therefore, follows the consumer price index. Many rents, such as those on dwellings, business premises or land, are usually tied to the cost-of-living index. From the user’s point, the cost-of-living index is the most usable one, because index revisions do not interrupt the series and the point figures of the cost-of-living index are published monthly at the same time as the consumer price index.
Data content
Describes the change in consumer prices according the consumption structure of an average household. Price development of the total index and six sub-categories.
Classifications used
Data collection methods and data sources
Each mid-month, Statistics Finland interviewers collect around 50,000 prices on 492 commodities from approximately 3,000 outlets for the consumer price index. In addition, some 1,000 items of price data are gathered by centralised collection at Statistics Finland. Some other statistics are also used as data sources. The outlets included in the price collection have been chosen by random selection and partly by purposive selection.
Updating frequency
Monthly.
Time of completion or release
On the 14th day following the statistical month. If that day falls on a Saturday, Sunday or holiday, the statistics are released on the nearest weekday.
Time series
The cost-of-living index, which is calculated on the basis of the consumer price index data, monthly from 1951. Against special order, data are available from 1914. Data by commodity group from 1921.
Keywords
Contact information
http://tilastokeskus.fi/til/eki/yht_en.html
Last updated 26.02.2008