Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Estonia
ESTCP110000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
421.40
Year-over-Year Change
32.35%
Date Range
1/1/1998 - 10/1/2023
Summary
The Consumer Price Index: Restaurants and Hotels (COICOP 11) for Estonia measures changes in the prices paid by consumers for goods and services related to restaurants, cafes, and hotel stays. This trend is a key indicator of inflation in the service sector and consumer demand.
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 (CPI) is a widely used measure of general price inflation. The COICOP 11 index specifically tracks changes in the prices of restaurant meals, hotel stays, and other hospitality services. This provides valuable insights into consumer spending patterns and the overall health of the Estonian service economy.
Methodology
The data is collected through a survey of prices for a representative basket of goods and services.
Historical Context
Policymakers and analysts use this CPI subindex to understand inflationary pressures and consumer behavior.
Key Facts
- The CPI Restaurants and Hotels index for Estonia has a base year of 2015.
- This index accounts for about 11% of the total Estonian CPI basket.
- Prices in this sector have risen by an average of 3.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Restaurants and Hotels (COICOP 11) for Estonia measures changes in the prices paid by consumers for goods and services related to restaurants, cafes, and hotel stays.
Q: Why is this trend relevant for users or analysts?
A: This CPI subindex provides valuable insights into inflationary pressures and consumer spending patterns in the Estonian service economy, which is important for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through a survey of prices for a representative basket of goods and services.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI subindex to understand inflationary pressures and consumer behavior, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Estonia (ESTCP110000IXNBQ), retrieved from FRED.