Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Estonia
ESTCP030000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
237.20
Year-over-Year Change
5.10%
Date Range
1/1/1998 - 12/1/2023
Summary
The Consumer Price Index (CPI) for Clothing and Footwear (COICOP 03) in Estonia measures the changes in the prices paid by consumers for a basket of apparel and shoe products over time. This key economic indicator provides insights into 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 CPI for Clothing and Footwear in Estonia is a subcomponent of the overall CPI, which tracks the average change in prices paid by consumers for a representative basket of goods and services. The COICOP 03 index specifically focuses on the clothing and footwear category, providing a more granular view of inflationary trends in this important consumer spending area.
Methodology
The data is collected through a survey of retail establishments and calculated based on a fixed basket of representative clothing and footwear items.
Historical Context
Policymakers and analysts use this index to assess inflationary pressures and consumer behavior within the Estonian economy.
Key Facts
- The CPI for Clothing and Footwear in Estonia has a base year of 2015.
- Estonia's Clothing and Footwear CPI reached a record high in 2022.
- This index is published monthly by the Estonian Statistical Office.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Clothing and Footwear (COICOP 03) in Estonia measures the changes in the prices paid by consumers for a basket of apparel and shoe products.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into inflationary pressures and consumer spending patterns within the clothing and footwear category, which is an important component of the overall consumer economy.
Q: How is this data collected or calculated?
A: The data is collected through a survey of retail establishments and calculated based on a fixed basket of representative clothing and footwear items.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess inflationary pressures and consumer behavior within the Estonian economy, which can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The CPI for Clothing and Footwear in Estonia is published monthly by the Estonian Statistical Office, with no significant update delays.
Related Trends
Business Tendency Surveys (Manufacturing): Confidence Indicators: Composite Indicators: National Indicator for Estonia
BSCICP02EEM460S
Infra-Annual Labor Statistics: Working-Age Population Male: From 15 to 64 Years for Estonia
LFWA64MAEEQ647S
Balance of Payments: Services: Expenditure for Estonia
ESTB6DBSE01NCCUSAQ
Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Estonia
SLRTTO01EEA661N
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Estonia
ESTPRMNTO01IXOBSAM
Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Estonia
ODCNPI03EEQ661N
Citation
U.S. Federal Reserve, Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Estonia (ESTCP030000IXNBM), retrieved from FRED.