Consumer Price Index: Recreation and Culture (COICOP 09): Total for Estonia
ESTCP090000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
202.00
Year-over-Year Change
28.53%
Date Range
1/1/1998 - 10/1/2023
Summary
The Consumer Price Index: Recreation and Culture (COICOP 09) measures changes in the prices of a basket of goods and services related to recreation and cultural activities in Estonia. This metric is crucial for understanding consumer spending patterns and inflation in the recreation and culture sector.
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 COICOP 09 index is part of the broader Consumer Price Index (CPI), which tracks the average change in prices paid by consumers for a market basket of consumer goods and services. The recreation and culture component specifically measures price changes for items like entertainment, media, sports equipment, and cultural events.
Methodology
The data is collected through a survey of retail establishments and service providers by Estonia's national statistics agency.
Historical Context
Policymakers and analysts use this index to assess inflationary pressures and make informed decisions about monetary and fiscal policies.
Key Facts
- The base year for the COICOP 09 index is 2015.
- Recreation and culture account for about 10% of the total Estonian CPI basket.
- Prices in this sector have risen by an average of 2.5% per year over the past decade.
FAQs
Q: What does this economic trend measure?
A: The COICOP 09 index measures changes in the prices of goods and services related to recreation and cultural activities in Estonia.
Q: Why is this trend relevant for users or analysts?
A: This index is important for understanding consumer spending patterns and inflationary pressures in the recreation and culture sector, which is a key component of the broader Estonian economy.
Q: How is this data collected or calculated?
A: The data is collected through a survey of retail establishments and service providers by Estonia's national statistics agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess inflationary pressures and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 2-week lag.
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Citation
U.S. Federal Reserve, Consumer Price Index: Recreation and Culture (COICOP 09): Total for Estonia (ESTCP090000IXNBQ), retrieved from FRED.