Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Estonia
ESTCP120000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
310.30
Year-over-Year Change
5.12%
Date Range
1/1/1998 - 12/1/2023
Summary
The Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Estonia measures changes in the prices of miscellaneous goods and services in Estonia. This indicator is a key gauge of consumer inflation and helps policymakers assess the overall health of 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 COICOP 12 index tracks the prices of a wide range of items including personal care, social protection, insurance, and financial services. It is an important component of the broader Estonian Consumer Price Index, which is closely monitored by the central bank and government to guide economic and monetary policy decisions.
Methodology
The data is collected through a national survey of retail prices by Statistics Estonia.
Historical Context
Policymakers and analysts use this index to evaluate inflationary pressures and consumer spending patterns in Estonia.
Key Facts
- The base year for the COICOP 12 index is 2015.
- Estonia joined the Eurozone in 2011.
- Miscellaneous goods and services account for around 13% of the Estonian CPI basket.
FAQs
Q: What does this economic trend measure?
A: The COICOP 12 index measures changes in the prices of miscellaneous goods and services in Estonia, including personal care, social protection, insurance, and financial services.
Q: Why is this trend relevant for users or analysts?
A: This index is an important component of the broader Estonian Consumer Price Index, which is closely monitored by policymakers to assess inflationary pressures and consumer spending patterns in the economy.
Q: How is this data collected or calculated?
A: The data is collected through a national survey of retail prices by Statistics Estonia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to evaluate inflationary pressures and consumer spending patterns in Estonia, which informs economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by Statistics Estonia with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Estonia (ESTCP120000IXNBM), retrieved from FRED.