Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Overall Index Excluding Energy, Food, Alcohol and Tobacco for Estonia
ESTCPHPLA01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.90
Year-over-Year Change
0.00%
Date Range
1/1/1997 - 3/1/2025
Summary
This economic trend tracks the Estonian Consumer Price Index (CPI) for all items excluding energy, food, alcohol, and tobacco. It serves as a key indicator of underlying inflationary pressures in the Estonian economy.
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 Excluding Energy, Food, Alcohol and Tobacco for Estonia provides a measure of core inflation, which excludes volatile food and energy prices. This 'core' index is closely monitored by economists and policymakers to better understand the broader price dynamics within the Estonian economy.
Methodology
The data is collected through a nationwide survey of consumer prices and calculated using a fixed-basket approach.
Historical Context
This CPI metric is widely used to inform monetary policy decisions by the European Central Bank.
Key Facts
- Estonia's CPI excluding energy, food, alcohol and tobacco was 124.72 in June 2022.
- This core CPI index has risen by 18.1% over the past 12 months.
- The Estonian central bank closely monitors this metric to guide its monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the Estonian Consumer Price Index (CPI) for all items excluding volatile energy and food prices, as well as alcohol and tobacco products. It provides a measure of core inflation in the Estonian economy.
Q: Why is this trend relevant for users or analysts?
A: The CPI Excluding Energy, Food, Alcohol and Tobacco is a key indicator used by economists and policymakers to assess underlying inflationary pressures, which helps inform monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices and calculated using a fixed-basket approach.
Q: How is this trend used in economic policy?
A: This core CPI metric is widely used by the European Central Bank to guide its monetary policy decisions for the Estonian economy.
Q: Are there update delays or limitations?
A: The CPI Excluding Energy, Food, Alcohol and Tobacco data for Estonia is published monthly with minimal delay, providing timely insight into core inflationary trends.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Overall Index Excluding Energy, Food, Alcohol and Tobacco for Estonia (ESTCPHPLA01GYM), retrieved from FRED.