Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Estonia
ESTCPHP0100IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
174.49
Year-over-Year Change
6.73%
Date Range
1/1/1996 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Estonia measures changes in the prices of these essential household goods. This metric is a key indicator of consumer inflation and living costs.
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 tracks price fluctuations in a basket of common food and drink items that make up a significant portion of Estonian household budgets. Economists and policymakers closely monitor this index to assess the state of the nation's economy and cost of living.
Methodology
The data is collected by Estonia's national statistical agency through surveys of retail establishments.
Historical Context
Trends in this CPI component are used to inform monetary and fiscal policies aimed at price stability and consumer welfare.
Key Facts
- Estonia's CPI for Food and Non-Alcoholic Beverages has a base year of 2015.
- This index accounts for over 15% of the total Estonian CPI basket.
- Prices in this category have risen by an average of 3.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Estonia tracks changes in the prices of common household food and drink items.
Q: Why is this trend relevant for users or analysts?
A: This CPI component is a key indicator of consumer inflation and the cost of living in Estonia, providing crucial insights for policymakers and households.
Q: How is this data collected or calculated?
A: The data is collected by Estonia's national statistics agency through surveys of retail establishments.
Q: How is this trend used in economic policy?
A: Trends in this CPI category inform monetary and fiscal policies aimed at price stability and consumer welfare in Estonia.
Q: Are there update delays or limitations?
A: The CPI for Food and Non-Alcoholic Beverages is published monthly with a lag of approximately two weeks.
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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 (ESTCPHP0100IXOBM), retrieved from FRED.