Harmonized Index of Consumer Prices: Passenger Transport by Railway for Estonia
CP0731EEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.06
Year-over-Year Change
-8.09%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Passenger Transport by Railway in Estonia measures the change in prices paid by consumers for railway transportation services. This data point is a key economic indicator used to track inflation and consumer spending patterns.
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 is a standardized measure of consumer price inflation across European Union member states. The Passenger Transport by Railway index specifically captures price trends for rail travel, which is an important component of household transportation expenditures.
Methodology
The data is collected through surveys of consumer prices and calculated according to Eurostat's HICP methodology.
Historical Context
Policymakers and analysts use this data to assess the overall state of the Estonian economy and make informed decisions.
Key Facts
- Estonia joined the Eurozone in 2011.
- Rail transport accounts for over 10% of passenger travel in Estonia.
- The HICP is published monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Passenger Transport by Railway in Estonia measures the change in prices paid by consumers for rail transportation services.
Q: Why is this trend relevant for users or analysts?
A: This data point is an important economic indicator used to track inflation and consumer spending patterns, which are crucial for policymakers and analysts assessing the overall state of the Estonian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices and calculated according to Eurostat's standardized HICP methodology.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the overall state of the Estonian economy and make informed decisions, such as adjusting monetary or fiscal policies.
Q: Are there update delays or limitations?
A: The HICP data is published monthly by Eurostat, with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Passenger Transport by Railway for Estonia (CP0731EEM086NEST), retrieved from FRED.