Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Estonia
ESTCP120000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
2/1/1998 - 12/1/2023
Summary
The Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Estonia measures changes in the prices of a basket of consumer goods and services in Estonia, excluding housing, food, and energy. This key economic indicator provides insights into inflationary pressures and consumer spending patterns.
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 12 index tracks the prices of a diverse range of products and services, including personal care, insurance, financial services, and recreational activities. Economists and policymakers use this metric to assess overall price levels and consumer demand within the Estonian economy.
Methodology
The data is collected through a nationwide survey of retail establishments and service providers.
Historical Context
Trends in the COICOP 12 index are closely monitored by the Bank of Estonia and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The COICOP 12 index accounts for approximately 12% of the total Estonian CPI basket.
- Estonia joined the Eurozone in 2011, making this index relevant for monitoring Eurozone-wide inflation trends.
- The index has a base year of 2015 = 100.
FAQs
Q: What does this economic trend measure?
A: The COICOP 12 index measures changes in the prices of a basket of miscellaneous consumer goods and services in Estonia, excluding housing, food, and energy.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into overall inflationary pressures and consumer spending patterns in Estonia, which is useful for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of retail establishments and service providers.
Q: How is this trend used in economic policy?
A: Trends in the COICOP 12 index are closely monitored by the Bank of Estonia and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Estonia (ESTCP120000GPM), retrieved from FRED.