Consumer Price Index: Harmonized Prices: All Items Less Food, Energy, Tobacco, Alcohol: Total for Estonia
ESTCPHPLA01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.10
Year-over-Year Change
0.00%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: All Items Less Food, Energy, Tobacco, Alcohol: Total for Estonia measures changes in the prices of a basket of consumer goods and services, excluding volatile food, energy, tobacco, and alcohol items, 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 harmonized index provides a consistent measure of inflation across European Union member states, allowing for comparisons between countries. It is a key economic indicator used by policymakers and analysts to track the overall cost of living and guide monetary policy decisions.
Methodology
The data is collected through a survey of retail prices and calculated using a weighted average of price changes for different product categories.
Historical Context
Economists and central banks closely monitor this index to assess inflationary pressures and inform policy responses.
Key Facts
- Estonia's harmonized inflation rate excluding food, energy, tobacco, and alcohol was 10.4% in 2022.
- This index has increased by an average of 4.2% per year over the past decade.
- The Estonian central bank uses this measure to help set interest rates and manage price stability.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of a basket of consumer goods and services in Estonia, excluding volatile food, energy, tobacco, and alcohol items.
Q: Why is this trend relevant for users or analysts?
A: This harmonized index is a key indicator used by policymakers and analysts to track the overall cost of living and inflationary pressures in Estonia, informing monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through a survey of retail prices and calculated using a weighted average of price changes for different product categories.
Q: How is this trend used in economic policy?
A: Economists and central banks closely monitor this index to assess inflationary pressures and inform policy responses, such as adjusting interest rates to maintain price stability.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months, and the index may not capture all price changes due to the exclusion of certain volatile items.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: All Items Less Food, Energy, Tobacco, Alcohol: Total for Estonia (ESTCPHPLA01GPM), retrieved from FRED.