Consumer Price Index: Services Less Housing for Estonia
Annual
CPSELR01EEA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.03
Year-over-Year Change
43.38%
Date Range
1/1/1998 - 1/1/2017
Summary
The 'Annual' economic trend measures the annual rate of change in the Consumer Price Index (CPI) for the Eurozone. This key inflation indicator is closely watched by policymakers and economists to assess the overall health of the Eurozone economy.
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 Annual CPI trend tracks the year-over-year percent change in the headline consumer price index, which is the primary measure of inflation in the Eurozone. It is used to gauge the purchasing power of the euro and to help the European Central Bank set appropriate monetary policy.
Methodology
The data is collected through surveys of retail prices and calculated as a year-over-year percent change.
Historical Context
The Annual CPI trend serves as an important input for Eurozone economic and policy decisions.
Key Facts
- The Eurozone CPI covers 19 member countries of the European Union.
- Inflation above the ECB's 2% target is a major concern for policymakers.
- The Annual CPI trend has remained elevated in recent years.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in the Eurozone's headline Consumer Price Index, the primary gauge of inflation.
Q: Why is this trend relevant for users or analysts?
A: The Annual CPI trend is a critical indicator for assessing the overall health of the Eurozone economy and informing monetary policy decisions by the European Central Bank.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail prices and calculated as a year-over-year percent change.
Q: How is this trend used in economic policy?
A: The Annual CPI trend serves as a key input for Eurozone economic and monetary policy decisions, particularly for the European Central Bank's inflation targeting framework.
Q: Are there update delays or limitations?
A: The Annual CPI data is typically released on a monthly basis with a short lag, providing timely information on Eurozone inflation trends.
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Citation
U.S. Federal Reserve, Annual (CPSELR01EEA661N), retrieved from FRED.