Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Estonia
ESTCP110000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
160.58
Year-over-Year Change
28.16%
Date Range
1/1/1998 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels in Estonia measures changes in the prices paid by consumers for dining out and hotel accommodations. It is a key indicator of inflationary pressures in the Estonian service 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 Restaurants and Hotels CPI is a component of the broader Estonian Consumer Price Index, which tracks the average change in prices for a basket of consumer goods and services. It is used by economists and policymakers to gauge cost-of-living trends and inform monetary and fiscal policy decisions.
Methodology
The data is collected through regular surveys of prices charged by a sample of Estonian restaurants, cafes, and hotels.
Historical Context
The Restaurants and Hotels CPI is monitored by the Estonian Central Bank and European Central Bank to assess service-sector inflation and consumer spending patterns.
Key Facts
- The base year for the Estonian Restaurants and Hotels CPI is 2015.
- Estonia joined the Eurozone in 2011, aligning its CPI methodology with the Harmonized Index of Consumer Prices (HICP).
- Service-sector inflation tends to be stickier than goods inflation due to labor costs.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Restaurants and Hotels in Estonia measures changes in the prices paid by consumers for dining out and hotel accommodations.
Q: Why is this trend relevant for users or analysts?
A: The Restaurants and Hotels CPI is a key indicator of inflationary pressures in the Estonian service sector, providing insights into consumer spending patterns and cost-of-living trends.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of prices charged by a sample of Estonian restaurants, cafes, and hotels.
Q: How is this trend used in economic policy?
A: The Restaurants and Hotels CPI is monitored by the Estonian Central Bank and European Central Bank to assess service-sector inflation and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The CPI data is typically published on a monthly basis with a short time lag, providing timely insights into Estonian consumer price trends.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Estonia (ESTCP110000IXOBQ), retrieved from FRED.