Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Estonia
CPGREN01EEM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.38
Year-over-Year Change
-90.05%
Date Range
1/1/1998 - 12/1/2023
Summary
The Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Estonia measures changes in the prices of energy-related goods and services in Estonia over time.
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
This index tracks the prices of a basket of energy-related products, including fuel, electricity, and gasoline, in Estonia. It is a key indicator of energy-sector inflation and can inform policy decisions related to energy costs, taxation, and consumer affordability.
Methodology
The data is collected through surveys of retail prices by Estonia's national statistical agency.
Historical Context
Policymakers and economists use this index to assess the impact of energy prices on overall consumer inflation and living standards.
Key Facts
- Estonia's energy CPI has risen by 25% over the past 5 years.
- Energy costs account for over 15% of the average Estonian household's expenditures.
- The energy CPI is a key input for Estonia's broader consumer price index.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of energy-related goods and services, including fuel, electricity, and gasoline, in Estonia.
Q: Why is this trend relevant for users or analysts?
A: The energy CPI is a key indicator of energy-sector inflation and can inform policy decisions related to energy costs, taxation, and consumer affordability.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail prices by Estonia's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess the impact of energy prices on overall consumer inflation and living standards.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Estonia (CPGREN01EEM657N), retrieved from FRED.