Harmonized Index of Consumer Prices: Telephone and Telefax Services for Estonia
CP0830EEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.72
Year-over-Year Change
1.71%
Date Range
12/1/2010 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Telephone and Telefax Services in Estonia measures changes in the prices paid by consumers for telephone and related communication services. This metric is a key indicator of inflation in the telecommunications sector.
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 the European Union. The Telephone and Telefax Services component tracks price changes for landline, mobile, and internet-based voice and data services. Economists and policymakers use this data to assess cost-of-living trends and the overall state of the telecommunications market.
Methodology
The Estonian statistics agency collects price data from a sample of service providers and aggregates the results into the HICP index.
Historical Context
The HICP data informs monetary and regulatory policy decisions related to the telecommunications industry.
Key Facts
- Telephone and Telefax Services account for about 2.5% of the Estonian consumer price index.
- Prices for these services have risen by an average of 1.8% per year over the past decade.
- The COVID-19 pandemic drove a temporary spike in prices due to increased demand for remote communication.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Telephone and Telefax Services in Estonia measures changes in the prices paid by consumers for landline, mobile, and internet-based voice and data services.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of inflation in the telecommunications sector, informing policy decisions and assessments of cost-of-living trends.
Q: How is this data collected or calculated?
A: The Estonian statistics agency collects price data from a sample of service providers and aggregates the results into the HICP index.
Q: How is this trend used in economic policy?
A: The HICP data for Telephone and Telefax Services informs monetary and regulatory policy decisions related to the telecommunications industry.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a typical 2-3 month lag, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Telephone and Telefax Services for Estonia (CP0830EEM086NEST), retrieved from FRED.