Consumer Price Index: Harmonized Prices: All Items: Total for Estonia
ESTCPHPTT01IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
150.48
Year-over-Year Change
4.15%
Date Range
1/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: All Items: Total for Estonia measures changes in the overall price level of consumer goods and services in Estonia. It is a key indicator of inflation and economic conditions.
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 the prices of a representative basket of consumer goods and services in Estonia, including food, housing, transportation, and other expenditures. It is a harmonized measure used across the European Union to enable cross-country comparisons.
Methodology
The data is collected through surveys of consumers and businesses, then aggregated and calculated by Estonia's statistical agency.
Historical Context
The Estonian CPI is used by policymakers, economists, and consumers to understand the nation's cost of living and guide economic decisions.
Key Facts
- Estonia joined the Eurozone in 2011.
- The base year for the Estonian CPI is 2015.
- Housing and utilities make up the largest expenditure category in the CPI basket.
FAQs
Q: What does this economic trend measure?
A: The Estonian CPI measures changes in the overall price level of consumer goods and services in Estonia. It is a key indicator of inflation and economic conditions.
Q: Why is this trend relevant for users or analysts?
A: The Estonian CPI is an important metric for understanding the country's cost of living and consumer purchasing power. It informs economic policymaking and consumer decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumers and businesses, then aggregated and calculated by Estonia's statistical agency.
Q: How is this trend used in economic policy?
A: The Estonian CPI is used by policymakers, economists, and consumers to guide decisions related to inflation, cost of living, and economic conditions.
Q: Are there update delays or limitations?
A: The Estonian CPI data is published monthly with a typical 2-week delay. There may be some limitations in capturing rapidly changing prices or new consumer goods and services.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: All Items: Total for Estonia (ESTCPHPTT01IXEBM), retrieved from FRED.