Consumer Price Index: Total Food Excluding Restaurants for Estonia
Index 2010=100, Annual
CPGDFD02EEA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.78
Year-over-Year Change
61.84%
Date Range
1/1/1998 - 1/1/2017
Summary
The Index 2010=100, Annual trend measures changes in the gross domestic product (GDP) deflator, a broad measure of overall price changes in the economy. It is a key indicator for economists and policymakers to gauge inflationary pressures.
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 GDP deflator is a comprehensive price index that tracks the prices of all goods and services that make up GDP. It is used to adjust nominal GDP for inflation, providing a more accurate picture of real economic growth over time.
Methodology
The GDP deflator is calculated by the U.S. Bureau of Economic Analysis as the ratio of nominal GDP to real GDP.
Historical Context
The GDP deflator is a widely followed metric for assessing the state of the overall economy and guiding monetary and fiscal policy decisions.
Key Facts
- The GDP deflator has a base year of 2010.
- It covers a broader set of prices than the Consumer Price Index (CPI).
- The GDP deflator reached a high of 117.585 in 2021.
FAQs
Q: What does this economic trend measure?
A: The Index 2010=100, Annual trend measures changes in the overall price level of goods and services that make up the U.S. gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: The GDP deflator is a key indicator for economists and policymakers to assess inflationary pressures and adjust nominal GDP figures to obtain a more accurate picture of real economic growth.
Q: How is this data collected or calculated?
A: The GDP deflator is calculated by the U.S. Bureau of Economic Analysis as the ratio of nominal GDP to real GDP.
Q: How is this trend used in economic policy?
A: The GDP deflator is closely monitored by the Federal Reserve and other policymakers to inform monetary policy decisions and assess the overall health of the economy.
Q: Are there update delays or limitations?
A: The GDP deflator data is typically published on a quarterly basis by the Bureau of Economic Analysis, with a delay of several weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, Index 2010=100, Annual (CPGDFD02EEA661N), retrieved from FRED.