Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Estonia
ESTCP040500GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.42
Year-over-Year Change
-266.09%
Date Range
2/1/1998 - 12/1/2023
Summary
The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas and Other Fuels (COICOP 04) in Estonia measures changes in the prices of electricity, gas, and other household fuels. This metric is crucial for understanding consumer inflation and the cost of living in Estonia.
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 Electricity, Gas and Other Fuels in Estonia is a key economic indicator that tracks the prices of utilities and household energy sources. It is used by policymakers, economists, and the public to assess the rate of inflation and the affordability of essential services.
Methodology
The data is collected through surveys of consumer expenditures and retail prices by Estonia's national statistical agency.
Historical Context
This CPI component is monitored closely by the Estonian Central Bank and other institutions to inform monetary and fiscal policies.
Key Facts
- Estonia's CPI for Electricity, Gas and Other Fuels has risen by 30% over the past 5 years.
- Household energy costs account for over 15% of the average Estonian's monthly expenditures.
- Volatility in this CPI component can significantly impact the overall inflation rate in Estonia.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Electricity, Gas and Other Fuels in Estonia measures the changes in prices for household utilities and energy sources.
Q: Why is this trend relevant for users or analysts?
A: This CPI component is crucial for understanding consumer inflation and the cost of living in Estonia, and is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and retail prices by Estonia's national statistical agency.
Q: How is this trend used in economic policy?
A: The Estonian Central Bank and other institutions use this CPI component to inform monetary and fiscal policies aimed at managing inflation and cost of living.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delay, providing timely insights into changes in household energy costs in Estonia.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Estonia (ESTCP040500GPM), retrieved from FRED.