Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Estonia
CPALTT01EEA659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.52
Year-over-Year Change
-10.50%
Date Range
1/1/1998 - 1/1/2024
Summary
The Consumer Price Index (CPI) for Estonia measures changes in the prices paid by consumers for a basket of goods and services, providing a key indicator of inflation and cost of living.
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 CPI for Estonia is part of the Harmonized Index of Consumer Prices (HICP), a standardized measure of inflation used across the European Union. It reflects price changes for a wide range of consumer expenditures, from food and housing to transportation and recreation.
Methodology
The data is collected through surveys of retailers and service providers across Estonia.
Historical Context
The CPI is widely used by policymakers, economists, and the public to understand and monitor economic conditions.
Key Facts
- The CPI for Estonia uses 2015 as the base year.
- Estonia joined the Eurozone in 2011, adopting the Euro currency.
- The CPI is released monthly by Eurostat, the statistical office of the European Union.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Estonia measures changes in the prices paid by consumers for a basket of goods and services, providing a key indicator of inflation and cost of living in the country.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a widely used economic indicator that helps policymakers, businesses, and the public understand and monitor price changes and inflation, which are crucial for making informed decisions about spending, investments, and economic policy.
Q: How is this data collected or calculated?
A: The data for the Estonian CPI is collected through surveys of retailers and service providers across the country.
Q: How is this trend used in economic policy?
A: The CPI is a key input for monetary policy decisions, as central banks often use it as a target or reference point for managing inflation. It also informs other economic policies, such as adjustments to government benefits and wages.
Q: Are there update delays or limitations?
A: The Estonian CPI is released monthly by Eurostat, the statistical office of the European Union, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Estonia (CPALTT01EEA659N), retrieved from FRED.