Consumer Price Index: Harmonized Prices: Food and Non-Alcoholic Beverages (COICOP 01): Total for Estonia
ESTCPHP0100GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.20
Year-over-Year Change
-45.45%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Food and Non-Alcoholic Beverages (COICOP 01): Total for Estonia measures price changes for food and non-alcoholic beverages in Estonia. It is a key indicator of consumer inflation and cost of living.
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
This index tracks the monthly changes in the prices paid by Estonian consumers for a basket of food and non-alcoholic beverage items. It is a harmonized measure used across the European Union to provide comparable inflation data between member states.
Methodology
The data is collected through surveys of retail prices by Estonia's national statistics office.
Historical Context
Policymakers and analysts use this index to assess inflationary pressures and guide monetary and fiscal policy decisions.
Key Facts
- Estonia's food and non-alcoholic beverage prices rose 15.7% in the past year.
- This index accounts for 16.7% of the total Estonian consumer price basket.
- Rapid food price inflation has been a major driver of overall inflation in Estonia.
FAQs
Q: What does this economic trend measure?
A: This index measures the monthly changes in prices paid by Estonian consumers for a basket of food and non-alcoholic beverage items.
Q: Why is this trend relevant for users or analysts?
A: Food and beverage prices are a key component of the cost of living, so this index is closely watched by policymakers and analysts to assess inflationary pressures in Estonia.
Q: How is this data collected or calculated?
A: The data is collected through regular retail price surveys conducted by Estonia's national statistics office.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this index to help guide monetary and fiscal policy decisions in response to changing inflationary conditions.
Q: Are there update delays or limitations?
A: The index is published monthly with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Food and Non-Alcoholic Beverages (COICOP 01): Total for Estonia (ESTCPHP0100GPM), retrieved from FRED.