Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Estonia
ESTCPHP0800GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.30
Year-over-Year Change
-87.62%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Communication in Estonia measures the change in prices for communication-related goods and services, providing insights into consumer inflation in this sector.
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 Communication in Estonia is part of the harmonized index of consumer prices (HICP), a key economic indicator used to assess price stability and inform monetary policy. It tracks the prices of a basket of communication-related items, such as telephone and internet services, to gauge changes in the cost of living for Estonian consumers.
Methodology
The Estonian CPI for Communication is calculated monthly by Statistics Estonia based on a survey of prices from a sample of retailers and service providers.
Historical Context
Policymakers and analysts monitor this CPI to understand inflationary pressures and the affordability of communication services in the Estonian market.
Key Facts
- The base year for the Estonian CPI for Communication is 2015.
- Communication accounts for approximately 4% of the total Estonian consumer price index basket.
- Prices for communication services make up the largest component of this CPI subindex.
FAQs
Q: What does this economic trend measure?
A: The CPI for Communication in Estonia measures the change in prices for a basket of communication-related goods and services, including telephone, internet, and other communication costs.
Q: Why is this trend relevant for users or analysts?
A: This CPI subindex provides insights into inflationary pressures and the affordability of communication services for Estonian consumers, which is valuable information for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The Estonian CPI for Communication is calculated monthly by Statistics Estonia based on a survey of prices from a sample of retailers and service providers.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor this CPI to assess inflationary pressures and the cost of living, which informs monetary policy decisions aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The Estonian CPI for Communication is published monthly with a typical lag of 1-2 months, providing timely data for analysis. However, the index may not capture all nuances in the communication services market.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Estonia (ESTCPHP0800GYM), retrieved from FRED.