Consumer Price Index: Recreation and Culture (COICOP 09): Total for Estonia
ESTCP090000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.56
Year-over-Year Change
-362.50%
Date Range
4/1/1998 - 10/1/2023
Summary
The Consumer Price Index (CPI) for Recreation and Culture in Estonia measures the cost of goods and services related to recreational activities, cultural events, and other leisure pursuits. This trend is a key indicator of consumer spending and inflationary pressures 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 CPI for Recreation and Culture in Estonia is a subindex of the overall Consumer Price Index, which tracks the changes in the prices paid by consumers for a basket of goods and services. This specific index focuses on measuring the price changes in recreational, cultural, and entertainment-related expenditures, providing insight into consumer behavior and market conditions.
Methodology
The Estonian statistical agency collects price data from a sample of retail outlets and service providers to calculate the Recreation and Culture CPI.
Historical Context
Policymakers and analysts use this CPI subindex to assess the overall cost of living and inflationary trends in the Estonian economy.
Key Facts
- The CPI for Recreation and Culture in Estonia has a base year of 2015.
- This index accounts for approximately 9% of the total Estonian CPI basket.
- Prices in the Recreation and Culture category have risen by 15% since 2015.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Recreation and Culture in Estonia measures the changes in prices for goods and services related to recreational activities, cultural events, and leisure pursuits.
Q: Why is this trend relevant for users or analysts?
A: This CPI subindex provides insight into consumer spending patterns and inflationary pressures in the Estonian economy, which is useful for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The Estonian statistical agency collects price data from a sample of retail outlets and service providers to calculate the Recreation and Culture CPI.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI subindex to assess the overall cost of living and inflationary trends in the Estonian economy, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Recreation and Culture CPI for Estonia is published monthly with a typical delay of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Recreation and Culture (COICOP 09): Total for Estonia (ESTCP090000GPQ), retrieved from FRED.