Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Estonia
CPHPTT01EEA659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.70
Year-over-Year Change
-11.90%
Date Range
1/1/1996 - 1/1/2024
Summary
The Consumer Price Index (CPI) for Estonia measures changes in the prices of consumer goods and services. It is a key indicator of inflation and an important tool for policymakers and economists.
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 tracks the average change in prices paid by consumers for a basket of goods and services. It is used to monitor price stability, guide monetary policy decisions, and adjust social benefits and wages.
Methodology
The Estonian CPI is calculated by Statistika Amet, the national statistical office, based on a survey of consumer expenditures.
Historical Context
Trends in the Estonian CPI are closely watched by the European Central Bank and help inform its policy decisions.
Key Facts
- The CPI is calculated monthly in Estonia.
- The CPI basket includes over 800 goods and services.
- Estonia joined the Eurozone in 2011, adopting the Euro.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Estonia measures changes in the prices of consumer goods and services purchased by households.
Q: Why is this trend relevant for users or analysts?
A: The Estonian CPI is a key indicator of inflation and an important tool for policymakers, economists, and consumers to understand the cost of living and guide economic decisions.
Q: How is this data collected or calculated?
A: The Estonian CPI is calculated monthly by Statistika Amet, the national statistical office, based on a survey of consumer expenditures.
Q: How is this trend used in economic policy?
A: Trends in the Estonian CPI are closely monitored by the European Central Bank and help inform its monetary policy decisions for the Eurozone.
Q: Are there update delays or limitations?
A: The Estonian CPI data is published monthly with a short lag, providing timely information on inflationary pressures.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Estonia (CPHPTT01EEA659N), retrieved from FRED.