Harmonized Index of Consumer Prices: Motor Cars for Estonia
CP0711EEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.10
Year-over-Year Change
1.18%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices for Motor Cars measures the price changes of passenger cars in Estonia. This metric is a key indicator of consumer inflation and automotive market trends in the country.
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 Motor Cars component tracks the prices of new and used passenger vehicles, providing insight into consumer demand and automobile affordability.
Methodology
The data is collected through a survey of retail prices from a representative sample of dealers and merchants.
Historical Context
Policymakers and analysts use this index to understand broader price dynamics and their impact on household budgets and the automotive industry.
Key Facts
- The index is published monthly by Eurostat.
- Motor cars account for a significant portion of the Estonian consumer price basket.
- Price changes in this index can signal shifts in consumer demand and automotive market conditions.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Motor Cars measures the price changes of passenger vehicles, both new and used, in Estonia.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into consumer inflation and automotive market dynamics, which are crucial for policymakers, businesses, and households in Estonia.
Q: How is this data collected or calculated?
A: The data is collected through a survey of retail prices from a representative sample of dealers and merchants.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to understand broader price pressures and their impact on household budgets and the automotive industry, informing economic decision-making.
Q: Are there update delays or limitations?
A: The index is published monthly by Eurostat, with a typical release lag of several weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Motor Cars for Estonia (CP0711EEM086NEST), retrieved from FRED.