Consumer Price Index for Estonia
DDOE01EEA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.31
Year-over-Year Change
45.25%
Date Range
1/1/1991 - 1/1/2017
Summary
The Consumer Price Index (CPI) for Estonia measures the changes in the prices of a basket of consumer goods and services purchased by Estonian households. It is a key indicator of inflation and purchasing power in the Estonian 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 CPI for Estonia is a widely used economic indicator that tracks the average change over time in the prices paid by consumers for a market basket of consumer goods and services. It is an important measure of inflation and a key statistic for economic policymaking and analysis in Estonia.
Methodology
The Estonian statistical agency collects price data from a sample of retail outlets and service providers to calculate the CPI.
Historical Context
The CPI is used by the Bank of Estonia and other policymakers to monitor and manage inflation and make informed decisions about monetary and fiscal policies.
Key Facts
- The CPI for Estonia has a base year of 2010.
- Estonia joined the Eurozone in 2011.
- The CPI is published monthly by the Estonian statistical agency.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Estonia measures the changes in the prices of a basket of consumer goods and services purchased by Estonian households.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation and purchasing power in the Estonian economy, making it important for economic policymaking, household budgeting, and market analysis.
Q: How is this data collected or calculated?
A: The Estonian statistical agency collects price data from a sample of retail outlets and service providers to calculate the CPI.
Q: How is this trend used in economic policy?
A: The CPI is used by the Bank of Estonia and other policymakers to monitor and manage inflation and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The CPI for Estonia is published monthly, with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index for Estonia (DDOE01EEA086NWDB), retrieved from FRED.