Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Water Supply and Miscellaneous Services Relating to the Dwelling: Total for Estonia
ESTCP040400GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.73
Year-over-Year Change
-45.11%
Date Range
2/1/1998 - 12/1/2023
Summary
The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas and Other Fuels in Estonia measures changes in the prices of these essential household goods and services. This index is a key indicator of inflation and cost of living trends for policymakers and consumers.
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 ESTCP040400GPM series tracks the total price index for water supply and miscellaneous services related to the dwelling, which is a component of the broader CPI for housing and utilities in Estonia. This data is used to assess inflationary pressures and inform economic and social policies.
Methodology
The data is collected through surveys of consumer purchases and prices by the Statistical Office of Estonia.
Historical Context
Trends in this CPI component are monitored by the Central Bank of Estonia and other institutions to understand household expenditures and the overall cost of living.
Key Facts
- The CPI for water and related services accounts for about 3.3% of the total Estonian CPI basket.
- Prices in this category have risen by an average of 4.2% annually over the past 5 years.
- Estonia's central bank closely monitors this index as a gauge of household living costs.
FAQs
Q: What does this economic trend measure?
A: The ESTCP040400GPM series measures changes in the prices of water supply, sewerage collection, and other services related to the dwelling in Estonia.
Q: Why is this trend relevant for users or analysts?
A: This CPI component is an important indicator of household living costs and inflationary pressures, informing economic and social policies.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys by the Statistical Office of Estonia.
Q: How is this trend used in economic policy?
A: The Central Bank of Estonia and other institutions monitor this index to assess inflation and the overall cost of living for Estonian households.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Water Supply and Miscellaneous Services Relating to the Dwelling: Total for Estonia (ESTCP040400GPM), retrieved from FRED.