Harmonized Index of Consumer Prices: Food for Estonia
CP0110EEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
181.76
Year-over-Year Change
8.98%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices for Food in Estonia measures the changes in the prices of food and non-alcoholic beverages purchased by Estonian households. This key economic indicator helps policymakers and analysts understand inflation and consumer spending trends.
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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation used across the European Union. The Food HICP for Estonia specifically tracks the prices of food and non-alcoholic drinks, which are essential components of household budgets and can significantly impact the overall cost of living.
Methodology
The data is collected through surveys of consumer prices across Estonia by Eurostat, the statistical office of the European Union.
Historical Context
This index is closely monitored by the European Central Bank and other policymakers to assess price stability and inform monetary policy decisions.
Key Facts
- The base year for the Estonia Food HICP is 2015.
- Food accounts for approximately 18% of the total Estonian consumer price index.
- Prices of food and non-alcoholic beverages in Estonia have risen by an average of 3.2% annually since 2010.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Food in Estonia measures the changes in the prices of food and non-alcoholic beverages purchased by Estonian households.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation and consumer spending in Estonia, helping policymakers and analysts understand the cost of living and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices across Estonia by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: The Estonia Food HICP is closely monitored by the European Central Bank and other policymakers to assess price stability and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The Estonia Food HICP data is typically published monthly with a lag of around one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Food for Estonia (CP0110EEM086NEST), retrieved from FRED.