Harmonized Index of Consumer Prices: Oils and Fats for Estonia
CP0115EEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
199.04
Year-over-Year Change
12.62%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Oils and Fats measures the price changes of edible oils and fats in Estonia. It is a key economic indicator used to track inflation and inform policymaking.
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 HICP for Oils and Fats is a subcomponent of the overall HICP, which is the standard measure of consumer price inflation in the European Union. This specific index focuses on the prices of cooking oils, butter, margarine, and other edible fats consumed by households in Estonia.
Methodology
The data is collected through regular surveys of retailers and service providers by Estonia's national statistical agency.
Historical Context
Central banks and finance ministries closely monitor HICP trends to assess the broader macroeconomic environment and guide monetary and fiscal policy decisions.
Key Facts
- The HICP for Oils and Fats has a base year of 2015.
- Estonia joined the eurozone in 2011, aligning its inflation measurement with the broader EU standard.
- Oils and fats account for approximately 2.5% of the total HICP basket in Estonia.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Oils and Fats measures the price changes of edible oils and fats purchased by households in Estonia.
Q: Why is this trend relevant for users or analysts?
A: The HICP for Oils and Fats is a key indicator of food price inflation and an important component of the broader consumer price index used to guide monetary and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retailers and service providers by Estonia's national statistical agency.
Q: How is this trend used in economic policy?
A: Central banks and finance ministries closely monitor HICP trends, including the Oils and Fats subindex, to assess the broader macroeconomic environment and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published on a monthly basis with a typical lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Oils and Fats for Estonia (CP0115EEM086NEST), retrieved from FRED.