Consumer Price Index: All Items: Total for Estonia
CPALTT01EEQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.51
Year-over-Year Change
24.78%
Date Range
1/1/1998 - 1/1/2024
Summary
The Consumer Price Index: All Items: Total for Estonia measures the average change in prices paid by consumers for a basket of goods and services in Estonia. It is a key indicator of inflation and a critical data point for economic policy decisions.
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 Consumer Price Index (CPI) is a widely used measure of inflation, tracking the prices of a representative basket of consumer goods and services. The CPI for All Items: Total in Estonia is a comprehensive indicator of price changes that is closely monitored by economists and policymakers.
Methodology
The Estonian CPI is calculated by Statistics Estonia based on a survey of consumer purchases.
Historical Context
The Estonian CPI is used by the country's central bank and government to formulate monetary and fiscal policies.
Key Facts
- Estonia joined the Eurozone in 2011.
- The Estonian CPI is published monthly.
- Inflation in Estonia averaged 3.2% from 2000-2022.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: All Items: Total for Estonia measures the average change in prices paid by consumers for a basket of goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: The Estonian CPI is a critical indicator of inflation that is closely monitored by policymakers, economists, and businesses to inform economic and financial decisions.
Q: How is this data collected or calculated?
A: The Estonian CPI is calculated by Statistics Estonia based on a survey of consumer purchases.
Q: How is this trend used in economic policy?
A: The Estonian CPI is used by the country's central bank and government to formulate monetary and fiscal policies aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The Estonian CPI is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: Total for Estonia (CPALTT01EEQ657N), retrieved from FRED.