Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Estonia
ESTCPHP1200GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.30
Year-over-Year Change
-7.14%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Estonia measures price changes for a broad basket of consumer items in Estonia. This key economic indicator helps analysts and policymakers understand broader inflation trends 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
This price index tracks the cost of a representative basket of miscellaneous goods and services purchased by Estonian consumers, including items like personal care, insurance, and financial services. It is a component of the overall Estonian Consumer Price Index and provides insight into a crucial segment of household spending.
Methodology
Data is collected through surveys of retail establishments and service providers across Estonia.
Historical Context
This index is used by the Estonian government, central bank, and international organizations to monitor inflation and guide economic policy decisions.
Key Facts
- The index has a base year of 2015 = 100.
- Miscellaneous goods and services account for over 13% of the Estonian CPI basket.
- Prices in this category have risen by 25% since 2015.
FAQs
Q: What does this economic trend measure?
A: This index tracks changes in the prices of a basket of miscellaneous consumer goods and services in Estonia, including personal care items, insurance, and financial services.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into broader inflation dynamics in Estonia, as miscellaneous goods and services make up a significant portion of household spending.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and service providers across Estonia.
Q: How is this trend used in economic policy?
A: The Estonian government, central bank, and international organizations use this index to monitor inflation and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Estonia (ESTCPHP1200GPM), retrieved from FRED.