Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Estonia
CPGRLE01EEQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.11
Year-over-Year Change
549.80%
Date Range
1/1/1998 - 10/1/2023
Summary
The Consumer Price Index (CPI) for All Items Non-Food Non-Energy in Estonia measures changes in the prices of goods and services excluding food and energy. This metric is a key indicator of underlying domestic 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 All Items Non-Food Non-Energy in Estonia is a component of the broader CPI, which tracks the cost of a basket of consumer goods and services. This core CPI measure excludes volatile food and energy prices, providing a more stable gauge of long-term inflation trends in the Estonian economy.
Methodology
The data is collected through a nationwide survey of consumer prices.
Historical Context
Policymakers and analysts use this CPI measure to assess and respond to broader economic and price conditions.
Key Facts
- Estonia joined the Eurozone in 2011.
- Energy and food account for over 30% of the Estonian CPI basket.
- The Estonian CPI is published monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for All Items Non-Food Non-Energy in Estonia measures changes in the prices of a broad basket of consumer goods and services, excluding volatile food and energy prices.
Q: Why is this trend relevant for users or analysts?
A: This core CPI measure provides a more stable indicator of underlying domestic inflationary pressures in the Estonian economy, which is useful for policymakers and economists analyzing economic conditions and the efficacy of monetary policies.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices conducted by Eurostat.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI measure to assess and respond to broader economic and price conditions in Estonia, as it serves as a key indicator of inflation that can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Estonian CPI data is published monthly by Eurostat with minimal delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Estonia (CPGRLE01EEQ657N), retrieved from FRED.