Consumer Price Index: All Items: Total for Estonia
ESTCPALTT01IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
291.60
Year-over-Year Change
4.03%
Date Range
1/1/1998 - 12/1/2023
Summary
The Consumer Price Index (CPI) for All Items in Estonia measures changes in the prices paid by consumers for a basket of goods and services. It is a key indicator of inflation and a widely-used metric for policymakers and economists.
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 CPI for All Items in Estonia is a comprehensive measure of the average change in prices paid by consumers for a fixed market basket of consumer goods and services. It is calculated monthly by Estonia's national statistical office and serves as an important economic indicator.
Methodology
The CPI for Estonia is calculated using a weighted average of prices for a representative basket of consumer goods and services.
Historical Context
The CPI is closely monitored by the Estonian central bank and government to guide monetary and fiscal policy decisions.
Key Facts
- The CPI for Estonia has a base year of 2015 = 100.
- Estonia joined the Eurozone in 2011, adopting the Euro as its national currency.
- The CPI is published monthly, approximately 2 weeks after the end of the reference month.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for All Items in Estonia measures the average change in prices paid by consumers for a basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation in Estonia and is closely watched by policymakers, businesses, and consumers to understand changes in the cost of living.
Q: How is this data collected or calculated?
A: The CPI for Estonia is calculated using a weighted average of prices for a representative basket of consumer goods and services.
Q: How is this trend used in economic policy?
A: The CPI is a critical input for the Estonian central bank and government when making monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The CPI for Estonia is published monthly, approximately 2 weeks after the end of the reference month.
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: Total for Estonia (ESTCPALTT01IXNBM), retrieved from FRED.