Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Fuels and Lubricants for Personal Transport Equipment for Estonia
ESTCPHP0702GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.80
Year-over-Year Change
-4900.00%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Harmonized Prices: Transport (COICOP 07) measures the changes in prices for fuels and lubricants for personal transport equipment in Estonia. This metric is a key indicator of inflation and consumer spending patterns in the country.
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 Harmonized Prices: Transport (COICOP 07) for Estonia tracks the changes in the prices of fuels, lubricants, and other costs associated with personal transportation. This index is a subcomponent of the overall CPI and provides valuable insights into consumer behavior and inflationary pressures within the transport sector.
Methodology
The data is collected through a nationwide survey of retail prices for a basket of representative goods and services.
Historical Context
This index is closely monitored by policymakers and economists to assess the impact of energy prices on the overall cost of living and the broader economy.
Key Facts
- The base year for this index is 2015.
- Fuels and lubricants account for a significant portion of household transportation expenditures in Estonia.
- This index is a valuable indicator of the cost of living and consumer purchasing power in Estonia.
FAQs
Q: What does this economic trend measure?
A: This economic trend measures the changes in prices for fuels and lubricants for personal transport equipment in Estonia, a key component of the overall Consumer Price Index.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into inflationary pressures, consumer spending patterns, and the cost of living in Estonia, making it a crucial indicator for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of retail prices for a basket of representative goods and services.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and economists to assess the impact of energy prices on the overall cost of living and the broader economy in Estonia.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule, but there may be occasional delays or limitations in data collection and reporting.
Related Trends
International Merchandise Trade Statistics: Exports: Commodities for Estonia
XTEXVA01EEM667S
Producer Prices Index: Economic Activities: Energy: Domestic for Estonia
ESTPIEAEN02GYM
Consumer Price Index: Services Less Housing for Estonia
CPSELR01EEM661N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Fuels and Lubricants for Personal Transport Equipment for Estonia
ESTCPHP0702GYM
Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Estonia
LRUNTTTTEEQ156S
Production: Manufacturing: Intermediate Goods: Total for Estonia
ESTPRMNIG01IXOBM
Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Fuels and Lubricants for Personal Transport Equipment for Estonia (ESTCPHP0702GPM), retrieved from FRED.