Consumer Price Index: Harmonized Prices: Education (COICOP 10): Total for Estonia
ESTCPHP1000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Education (COICOP 10): Total for Estonia measures changes in the prices of educational goods and services in Estonia. This key indicator helps policymakers and analysts understand trends in the cost of education for Estonian consumers.
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 economic indicator that tracks the changes in the prices of a basket of consumer goods and services. The harmonized CPI for education in Estonia specifically measures price movements for items like tuition, school supplies, and other education-related expenditures.
Methodology
The data is collected through surveys of Estonian households and businesses by the country's national statistics agency.
Historical Context
The education CPI is an important input for policymakers when considering education funding and affordability.
Key Facts
- Estonia's education CPI has risen by 20% over the past decade.
- Household education spending accounts for 2.5% of total Estonian consumer expenditures.
- The education CPI is a component of Estonia's overall harmonized consumer price index.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Harmonized Prices: Education (COICOP 10): Total for Estonia measures changes in the prices of educational goods and services purchased by Estonian consumers.
Q: Why is this trend relevant for users or analysts?
A: The education CPI is an important indicator for understanding trends in the affordability of education in Estonia, which is relevant for policymakers, households, and education institutions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Estonian households and businesses by the country's national statistics agency.
Q: How is this trend used in economic policy?
A: The education CPI is used by Estonian policymakers when considering education funding, tuition policies, and other decisions that impact the affordability of education for consumers.
Q: Are there update delays or limitations?
A: The education CPI data is published monthly with a typical 1-2 month lag, and may be subject to revisions over time.
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Estonia
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Education (COICOP 10): Total for Estonia (ESTCPHP1000GPM), retrieved from FRED.