Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Residuals for Estonia
ESTCPSDCTGYCTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.01
Year-over-Year Change
-319.21%
Date Range
1/1/2010 - 4/1/2025
Summary
The Consumer Price Index (CPI) Residuals for Estonia measure the difference between the actual consumer price index and the harmonized index of consumer prices (HICP) for Estonia. This trend is a key indicator of price dynamics and inflation 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 Residuals for Estonia represent the gap between the headline CPI and the HICP, a standardized measure of consumer inflation used across the European Union. This differential can provide insights into cost-of-living changes and help policymakers assess inflationary pressures.
Methodology
The data is calculated by the Statistical Office of Estonia based on monthly surveys of consumer prices.
Historical Context
CPI residuals are closely monitored by the European Central Bank and domestic policymakers to guide monetary and fiscal policy decisions.
Key Facts
- Estonia joined the Eurozone in 2011.
- The CPI and HICP can diverge due to differences in coverage and weighting.
- CPI residuals provide a more granular view of price dynamics than headline inflation.
FAQs
Q: What does this economic trend measure?
A: The CPI Residuals for Estonia measure the difference between the headline consumer price index (CPI) and the harmonized index of consumer prices (HICP) in Estonia.
Q: Why is this trend relevant for users or analysts?
A: CPI residuals offer insights into cost-of-living changes and inflationary pressures, which are key inputs for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated monthly by the Statistical Office of Estonia based on consumer price surveys.
Q: How is this trend used in economic policy?
A: CPI residuals are closely monitored by the European Central Bank and Estonian policymakers to guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delay, providing timely insights into Estonia's inflationary dynamics.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Residuals for Estonia (ESTCPSDCTGYCTGYM), retrieved from FRED.