Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Estonia
ESTCP020000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.38
Year-over-Year Change
136.90%
Date Range
2/1/1998 - 12/1/2023
Summary
The Consumer Price Index for Alcoholic Beverages, Tobacco and Narcotics in Estonia measures changes in the prices of these products over time. This index is a key indicator of inflationary pressures and consumer spending patterns.
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 Consumer Price Index (CPI) is a widely used measure of inflation, tracking changes in the prices of a basket of consumer goods and services. The CPI for Alcoholic Beverages, Tobacco and Narcotics specifically focuses on this subset of products, providing insights into a crucial component of household expenditures.
Methodology
The data is collected through a survey of retail establishments and compiled by the Estonian statistical agency.
Historical Context
This index is used by policymakers, economists, and market analysts to assess trends in consumer behavior and the overall state of the Estonian economy.
Key Facts
- The base year for the index is 2015.
- Estonia joined the Eurozone in 2011.
- Tobacco products account for the largest share of this CPI component.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Alcoholic Beverages, Tobacco and Narcotics measures changes in the prices of these products in Estonia over time.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into a crucial component of household expenditures and can be used to assess inflationary pressures and consumer spending patterns in the Estonian economy.
Q: How is this data collected or calculated?
A: The data is collected through a survey of retail establishments and compiled by the Estonian statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this index to evaluate trends in consumer behavior and the overall state of the Estonian economy.
Q: Are there update delays or limitations?
A: The index is published monthly, with a typical release lag of several weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Estonia (ESTCP020000GPM), retrieved from FRED.