Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Estonia
Quarterly
ESTCP060000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.47
Year-over-Year Change
-30.60%
Date Range
1/1/1999 - 1/1/2025
Summary
The Quarterly Employment-Cost Index (ECI) measures changes in the cost of labor, including wages and benefits, for private industry employers in the United States.
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 Quarterly ECI is a key economic indicator used by policymakers and analysts to gauge inflationary pressures and assess the overall health of the labor market. It provides a comprehensive measure of how much businesses are spending on employee compensation.
Methodology
The data is collected through a quarterly survey of private industry employers by the U.S. Bureau of Labor Statistics.
Historical Context
The Quarterly ECI is closely watched by the Federal Reserve and other economic institutions to help inform monetary policy decisions.
Key Facts
- The Quarterly ECI covers over 40 million private industry workers.
- The index is published three months after the end of each quarter.
- The ECI is a preferred measure over average hourly earnings due to its comprehensive coverage.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Employment-Cost Index (ECI) measures changes in the cost of labor, including wages and benefits, for private industry employers in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly ECI is a key economic indicator used by policymakers and analysts to gauge inflationary pressures and assess the overall health of the labor market.
Q: How is this data collected or calculated?
A: The data is collected through a quarterly survey of private industry employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Quarterly ECI is closely watched by the Federal Reserve and other economic institutions to help inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is published three months after the end of each quarter, so there is a modest delay in the data.
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Citation
U.S. Federal Reserve, Quarterly Employment-Cost Index (ESTCP060000GYQ), retrieved from FRED.