Inflation, consumer prices for Estonia
FPCPITOTLZGEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.52
Year-over-Year Change
-10.50%
Date Range
1/1/1993 - 1/1/2024
Summary
The Inflation, consumer prices for Estonia trend measures the change in the general price level of consumer goods and services purchased by Estonian households. It is a key indicator of the country's economic health and a key input for policymakers.
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 Inflation, consumer prices for Estonia trend tracks the rate of change in the prices paid by consumers for a basket of goods and services. It is used to assess the overall cost of living and purchasing power within the Estonian economy.
Methodology
The data is collected by Estonia's national statistical agency through surveys of consumer expenditures.
Historical Context
Inflation data is closely monitored by the European Central Bank and Estonian policymakers to inform monetary and fiscal policies.
Key Facts
- Estonia joined the Eurozone in 2011.
- Inflation in Estonia averaged 3.31% from 2005-2022.
- The highest inflation rate in Estonia was 11.4% in June 2022.
FAQs
Q: What does this economic trend measure?
A: The Inflation, consumer prices for Estonia trend measures the change in the general price level of consumer goods and services purchased by Estonian households.
Q: Why is this trend relevant for users or analysts?
A: Inflation data is a key indicator of the health of the Estonian economy and an important input for policymakers to assess purchasing power and the cost of living.
Q: How is this data collected or calculated?
A: The data is collected by Estonia's national statistical agency through surveys of consumer expenditures.
Q: How is this trend used in economic policy?
A: Inflation data is closely monitored by the European Central Bank and Estonian policymakers to inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delays, providing timely insights into Estonia's inflationary trends.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Estonia
ESTCP070000IXOBM
Business Tendency Surveys: Business Situation: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles: Future Tendency for Estonia
ESTBRBUFT02STSAM
Financial Market: Share Prices for Estonia
SPASTT01EEA661N
Harmonized Index of Consumer Prices: Oils and Fats for Estonia
CP0115EEM086NEST
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Estonia
ESTCP050000GYM
Infra-Annual Labor Statistics: Employment Total: 15 Years or over for Estonia
LFEMTTTTEEA647N
Citation
U.S. Federal Reserve, Inflation, consumer prices for Estonia (FPCPITOTLZGEST), retrieved from FRED.