Harmonized Index of Consumer Prices: Maintenance and Repair of Personal Transport Equipment for Estonia
CP0723EEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
177.08
Year-over-Year Change
5.93%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Maintenance and Repair of Personal Transport Equipment in Estonia measures price changes for services related to vehicle upkeep and repair. This index is a key indicator of inflationary pressures in the Estonian transportation sector.
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 HICP is a standardized measure of consumer price inflation across the European Union. The Maintenance and Repair of Personal Transport Equipment component tracks the costs associated with maintaining and repairing privately-owned vehicles, providing insights into this important household expense category.
Methodology
The data is collected through a national survey of consumer prices and aggregated by Estonia's statistical agency.
Historical Context
Policymakers and analysts use this index to assess broader economic conditions and guide monetary and fiscal policy decisions.
Key Facts
- Estonia joined the Eurozone in 2011.
- Transportation costs account for a significant portion of household budgets.
- The HICP is harmonized across the EU to enable cross-country comparisons.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Maintenance and Repair of Personal Transport Equipment in Estonia measures price changes for services related to vehicle upkeep and repair.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into inflationary pressures in the Estonian transportation sector, which is an important component of household budgets and the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through a national survey of consumer prices and aggregated by Estonia's statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess broader economic conditions and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delays, providing timely insights into this important economic indicator.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Maintenance and Repair of Personal Transport Equipment for Estonia (CP0723EEM086NEST), retrieved from FRED.