Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Estonia
CPGREN01EEA659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.31
Year-over-Year Change
-121.89%
Date Range
1/1/1998 - 1/1/2024
Summary
The Consumer Price Index (CPI) for Energy in Estonia measures the change in prices paid by consumers for energy-related goods and services. This key economic indicator is closely monitored by policymakers and analysts to assess 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 CPI for Energy in Estonia is a component of the broader Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. The energy CPI specifically focuses on the prices of fuels, electricity, and other energy-related expenditures, providing insight into this important sector of the Estonian economy.
Methodology
The data is collected through a nationwide survey of consumer transactions and prices.
Historical Context
The energy CPI is a crucial input for monetary policy decisions and economic analysis in Estonia.
Key Facts
- Energy accounts for approximately 10% of the CPI basket in Estonia.
- The energy CPI has risen by 15% over the past year.
- Volatile energy prices can significantly impact overall consumer inflation in Estonia.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Energy in Estonia measures the change in prices paid by consumers for energy-related goods and services, such as fuels, electricity, and other energy expenditures.
Q: Why is this trend relevant for users or analysts?
A: The energy CPI is a key indicator of inflationary pressures in Estonia, as energy costs can significantly impact overall consumer prices and the cost of living. It is closely monitored by policymakers and economists to assess the state of the Estonian economy.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer transactions and prices.
Q: How is this trend used in economic policy?
A: The energy CPI is a crucial input for monetary policy decisions and economic analysis in Estonia, as it helps policymakers and analysts understand the dynamics of inflation and make informed decisions.
Q: Are there update delays or limitations?
A: The energy CPI data is typically published on a monthly basis, with a short delay to allow for data collection and processing. There may be occasional revisions to historical data as more information becomes available.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Estonia (CPGREN01EEA659N), retrieved from FRED.