Consumer Price Index: Transport (COICOP 07): Total for Estonia
ESTCP070000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.50
Year-over-Year Change
-84.07%
Date Range
2/1/1998 - 12/1/2023
Summary
The Consumer Price Index: Transport (COICOP 07): Total for Estonia measures changes in the prices of transportation goods and services for consumers in Estonia. This metric is a key indicator of inflation and purchasing power in the Estonian economy.
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 for Transport in Estonia tracks price fluctuations across a wide range of transport-related expenses, including vehicle purchases, fuel, public transportation fares, and other mobility costs. This data series is used by economists and policymakers to assess the state of consumer demand and inflationary pressures.
Methodology
The data is collected through surveys of Estonian households and businesses by the national statistical agency.
Historical Context
The Transport CPI is monitored closely by the Estonian Central Bank and Ministry of Finance to inform monetary and fiscal policy decisions.
Key Facts
- Transport accounts for over 15% of the average Estonian household's budget.
- Fuel prices make up the largest component of the Transport CPI, at around 40%.
- The Transport CPI has risen by 10% in Estonia over the past 3 years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Transport (COICOP 07): Total for Estonia measures changes in the prices of transportation goods and services for consumers in the country.
Q: Why is this trend relevant for users or analysts?
A: The Transport CPI is a key indicator of inflationary pressures and purchasing power in the Estonian economy, making it highly relevant for economists, policymakers, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Estonian households and businesses by the national statistical agency.
Q: How is this trend used in economic policy?
A: The Transport CPI is monitored closely by the Estonian Central Bank and Ministry of Finance to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Transport CPI data is published on a monthly basis with a lag of approximately 2 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Transport (COICOP 07): Total for Estonia (ESTCP070000GPM), retrieved from FRED.