Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Estonia
ESTCPHP0100GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.70
Year-over-Year Change
415.38%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Estonia measures changes in the prices paid by consumers for these essential goods and services. This trend is a crucial economic indicator for policymakers and analysts monitoring inflation and consumer spending.
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 Food and Non-Alcoholic Beverages in Estonia is a component of the Harmonized Index of Consumer Prices (HICP), a standardized measure of inflation across the European Union. It tracks the average change in prices for a basket of food and non-alcoholic beverage items purchased by Estonian households.
Methodology
The data is collected through surveys of retail establishments and households by the Estonian Statistical Office.
Historical Context
Central banks and economic policymakers use this index to assess inflationary pressures and make informed decisions about monetary and fiscal policies.
Key Facts
- The base year for the Estonia CPI Food and Non-Alcoholic Beverages index is 2015.
- Food and non-alcoholic beverages account for approximately 19% of the total Estonian consumer price index basket.
- Estonia joined the Eurozone in 2011, adopting the Euro and harmonizing its consumer price indices with the EU.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Estonia measures the average change in prices paid by consumers for a basket of food and non-alcoholic beverage items.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial indicator of inflationary pressures and consumer spending patterns in Estonia, providing valuable insights for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and households by the Estonian Statistical Office.
Q: How is this trend used in economic policy?
A: Central banks and economic policymakers use this index to assess inflationary pressures and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The CPI for Food and Non-Alcoholic Beverages in Estonia is published monthly with a typical 2-week delay, and the data may be subject to revisions.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Estonia (ESTCPHP0100GYM), retrieved from FRED.