Consumer Price Index: Harmonized Prices: Food and Non-Alcoholic Beverages (COICOP 01): Total for Estonia
ESTCPHP0100IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
161.04
Year-over-Year Change
5.62%
Date Range
1/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Food and Non-Alcoholic Beverages (COICOP 01): Total for Estonia measures the changes in the prices of food and non-alcoholic beverages in Estonia. This key indicator provides insights into inflationary pressures and consumer purchasing power.
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 Consumer Price Index (CPI) is a widely-used measure of inflation, tracking the changes in the prices of a basket of consumer goods and services over time. The Harmonized Prices: Food and Non-Alcoholic Beverages (COICOP 01): Total for Estonia specifically focuses on the price trends of these essential household expenditures.
Methodology
The data is collected through regular price surveys of a representative sample of retail outlets in Estonia.
Historical Context
This CPI series is an important economic indicator used by policymakers, analysts, and consumers to assess cost-of-living changes and inform decisions.
Key Facts
- Estonia joined the Eurozone in 2011.
- Food and non-alcoholic beverages account for around 22% of the CPI basket in Estonia.
- The base year for the Harmonized Index of Consumer Prices in Estonia is 2015.
FAQs
Q: What does this economic trend measure?
A: This economic indicator measures the changes in the prices of food and non-alcoholic beverages in Estonia. It is a component of the broader Consumer Price Index (CPI).
Q: Why is this trend relevant for users or analysts?
A: The Food and Non-Alcoholic Beverages CPI is an important metric for understanding inflationary pressures and consumer purchasing power in Estonia. It provides insights into the costs of essential household expenditures.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys of a representative sample of retail outlets in Estonia.
Q: How is this trend used in economic policy?
A: This CPI series is used by policymakers, analysts, and consumers to assess cost-of-living changes and inform decisions related to monetary policy, consumer spending, and household budgeting.
Q: Are there update delays or limitations?
A: The data is typically published on a monthly basis, with some potential for slight delays in reporting.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Food and Non-Alcoholic Beverages (COICOP 01): Total for Estonia (ESTCPHP0100IXEBM), retrieved from FRED.