Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Estonia
ESTCPHP1200IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
143.90
Year-over-Year Change
6.14%
Date Range
1/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Estonia measures the overall price changes for a basket of consumer goods and services in Estonia.
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 index tracks price fluctuations in a wide range of miscellaneous goods and services in Estonia, including personal care, social protection, insurance, and financial services. It is a key indicator used by economists and policymakers to assess the overall cost of living and inflationary pressures in the Estonian economy.
Methodology
The data is collected through surveys of consumer expenditures and prices by the Estonian Statistical Office.
Historical Context
This index helps inform monetary and fiscal policy decisions in Estonia.
Key Facts
- Estonia's CPI for miscellaneous goods and services reached a high of 109.07 in June 2022.
- This index has increased by 6.4% over the past year.
- Personal care items and services make up the largest component of this index at 36.7%.
FAQs
Q: What does this economic trend measure?
A: This index measures the changes in prices for a basket of miscellaneous consumer goods and services in Estonia, including personal care, social protection, insurance, and financial services.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures and the overall cost of living in Estonia, which is crucial information for consumers, businesses, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through consumer expenditure and price surveys conducted by the Estonian Statistical Office.
Q: How is this trend used in economic policy?
A: This index helps inform monetary and fiscal policy decisions in Estonia, as it provides insights into overall price changes and inflationary trends.
Q: Are there update delays or limitations?
A: The index data is published monthly with a short delay, and it may not capture all price changes in the miscellaneous goods and services category.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Estonia (ESTCPHP1200IXEBM), retrieved from FRED.