Production: Manufacturing: Total Manufacturing for Estonia
Index Eurostat base, Monthly, Not Seasonally Adjusted
ESTPRMNTO01IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.10
Year-over-Year Change
-5.37%
Date Range
1/1/1998 - 11/1/2023
Summary
The Eurostat-based Monthly Index, Not Seasonally Adjusted, tracks changes in the cost of consumer goods and services across Europe. This key economic indicator helps policymakers and analysts understand broader price trends and inflation pressures.
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 Eurostat-based Monthly Index, Not Seasonally Adjusted, is a leading measure of consumer prices in Europe. The index is based on a standardized basket of goods and services, allowing for cross-country comparisons and analysis of price changes over time.
Methodology
The data is collected through surveys of consumer expenditures and calculated by Eurostat, the European Union's statistical agency.
Historical Context
This index is widely used by central banks, government agencies, and economic analysts to inform policy decisions and market assessments.
Key Facts
- The index uses 2015 as the base year.
- Covers 27 European Union member states.
- Reported on a monthly basis.
FAQs
Q: What does this economic trend measure?
A: The Eurostat-based Monthly Index, Not Seasonally Adjusted, measures changes in consumer prices across Europe. It tracks the cost of a representative basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures and consumer spending power in Europe, helping policymakers and analysts assess the state of the European economy.
Q: How is this data collected or calculated?
A: The data is collected through consumer expenditure surveys conducted by Eurostat, the European Union's statistical agency, and then calculated into a standardized index.
Q: How is this trend used in economic policy?
A: Central banks, government agencies, and economic analysts use this index to inform monetary policy decisions, assess market conditions, and understand broader price trends in Europe.
Q: Are there update delays or limitations?
A: The Eurostat-based Monthly Index is reported on a monthly basis with minimal delays, providing timely data for economic analysis and policymaking.
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Citation
U.S. Federal Reserve, Index Eurostat base, Monthly, Not Seasonally Adjusted (ESTPRMNTO01IXEBM), retrieved from FRED.