Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Estonia
ESTCPGRSE01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.17
Year-over-Year Change
26.38%
Date Range
1/1/1999 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Services in Estonia measures changes in the prices of services consumed by households. It is a key indicator of inflation and an important economic statistic for policymakers.
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 Services in Estonia is a subcomponent of the overall Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. The Services CPI focuses specifically on price changes in the service sector, providing insights into inflationary pressures in this important part of the Estonian economy.
Methodology
The CPI for Services in Estonia is calculated by the Estonian Statistical Office based on a survey of prices collected from service providers.
Historical Context
The Services CPI is used by the Bank of Estonia and other policymakers to monitor and manage inflation in the Estonian economy.
Key Facts
- The Services CPI accounts for around 40% of the total Estonian CPI basket.
- Estonia's Services CPI has risen by an average of 3.5% per year over the past decade.
- Monitoring the Services CPI is crucial for the Bank of Estonia's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Services in Estonia measures changes in the prices of services consumed by households in the country.
Q: Why is this trend relevant for users or analysts?
A: The Services CPI is an important indicator of inflationary pressures in the Estonian economy, providing insights that help policymakers and analysts assess the overall state of the economy.
Q: How is this data collected or calculated?
A: The CPI for Services in Estonia is calculated by the Estonian Statistical Office based on a survey of prices collected from service providers.
Q: How is this trend used in economic policy?
A: The Services CPI is used by the Bank of Estonia and other policymakers to monitor and manage inflation in the Estonian economy, informing monetary policy decisions.
Q: Are there update delays or limitations?
A: The CPI for Services in Estonia is published monthly with a typical delay of 2-3 weeks, providing timely data for economic analysis and policymaking.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Estonia (ESTCPGRSE01GYM), retrieved from FRED.