Harmonized Index of Consumer Prices: Overall Index Excluding Frequent Out-of-Pocket Purchases for Estonia
00XFROEEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.34
Year-over-Year Change
-0.55%
Date Range
12/1/1997 - 1/1/2016
Summary
The Harmonized Index of Consumer Prices: Overall Index Excluding Frequent Out-of-Pocket Purchases for Estonia measures the cost of a representative basket of goods and services, excluding volatile expenditures, to assess broader inflationary trends in the Estonian 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
This index provides a more stable measure of consumer price inflation in Estonia by excluding certain goods and services that see frequent price fluctuations, such as energy and fresh food. It is used by policymakers and analysts to better understand underlying inflationary pressures.
Methodology
The data is collected through household surveys and compiled by Eurostat, the statistical office of the European Union.
Historical Context
This index informs monetary policy decisions by the European Central Bank regarding Estonia's economy.
Key Facts
- Estonia joined the Eurozone in 2011.
- The HICP index excluding frequent out-of-pocket purchases accounts for around 80% of total household consumption in Estonia.
- This index helps policymakers identify sustainable inflationary trends, separate from volatile price swings.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Overall Index Excluding Frequent Out-of-Pocket Purchases for Estonia measures the cost of a representative basket of goods and services in Estonia, excluding volatile expenditures like energy and fresh food.
Q: Why is this trend relevant for users or analysts?
A: This index provides a more stable measure of underlying inflationary pressures in the Estonian economy, which is useful for policymakers and analysts assessing broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: This index informs monetary policy decisions by the European Central Bank regarding Estonia's economy.
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, Harmonized Index of Consumer Prices: Overall Index Excluding Frequent Out-of-Pocket Purchases for Estonia (00XFROEEM086NEST), retrieved from FRED.