Harmonized Index of Consumer Prices: Recording Media for Estonia
CP0914EEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80.45
Year-over-Year Change
-5.29%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Recording Media for Estonia measures the price changes of recording media like CDs, DVDs, and video tapes in Estonia. This metric is important for economists and policymakers to track consumer inflation and purchasing power.
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 key economic indicator used to assess price stability within the Eurozone. The Recording Media subindex specifically looks at the costs of physical media products for consumers in Estonia.
Methodology
The data is collected through surveys of consumer prices and calculated as an indexed series.
Historical Context
This metric provides valuable insights into consumer spending and price dynamics within the Estonian market.
Key Facts
- Estonia joined the Eurozone in 2011.
- The HICP is published monthly by Eurostat.
- Recording media accounts for about 0.4% of the Estonian consumer price index.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Recording Media for Estonia measures the price changes of physical recording media like CDs, DVDs, and video tapes purchased by consumers in Estonia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into inflationary pressures and consumer spending patterns within the Estonian market, which is valuable information for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices and calculated as an indexed series by Eurostat.
Q: How is this trend used in economic policy?
A: The HICP, including the Recording Media subindex, is a key indicator used by the European Central Bank to assess price stability and guide monetary policy decisions for the Eurozone.
Q: Are there update delays or limitations?
A: The HICP data is published monthly by Eurostat with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Recording Media for Estonia (CP0914EEM086NEST), retrieved from FRED.