Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Estonia
CPGREN01EEA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.69
Year-over-Year Change
-67.22%
Date Range
1/1/1998 - 1/1/2023
Summary
The Consumer Price Index (CPI) for OECD Groups: Energy (Fuel, Electricity, and Gasoline) in Estonia measures price changes over time for a basket of essential energy-related goods and services. This trend is a key indicator of inflationary pressures and consumer purchasing power 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 for OECD Groups: Energy in Estonia tracks the prices paid by consumers for a variety of energy products, including fuels, electricity, and gasoline. This index is used by economists and policymakers to assess changes in the cost of living and inflationary trends within the Estonian economy.
Methodology
The data is collected through a nationwide survey of retail prices for a representative basket of consumer goods and services.
Historical Context
Monitoring this CPI trend helps inform monetary and fiscal policy decisions aimed at maintaining price stability and supporting economic growth in Estonia.
Key Facts
- Estonia's energy CPI reached a record high in 2022.
- Energy accounts for a significant portion of the typical Estonian household budget.
- Rising energy costs have contributed to overall inflationary pressures in Estonia.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for OECD Groups: Energy (Fuel, Electricity, and Gasoline) in Estonia measures changes in the prices paid by consumers for a basket of essential energy-related goods and services.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of inflationary pressures and changes in the cost of living for Estonian households, which helps inform economic policymaking and household budgeting decisions.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of retail prices for a representative basket of consumer energy goods and services.
Q: How is this trend used in economic policy?
A: Monitoring the energy CPI trend helps policymakers at the Bank of Estonia and other institutions assess inflationary pressures and make decisions about monetary and fiscal policies to support price stability and economic growth.
Q: Are there update delays or limitations?
A: The energy CPI data for Estonia is published monthly with a typical 1-2 month lag, and may be subject to minor revisions over time.
Related Trends
Harmonized Index of Consumer Prices: Bread and Cereals for Estonia
CP0111EEM086NEST
Infra-Annual Labor Statistics: Working-Age Population Male: From 15 to 64 Years for Estonia
LFWA64MAEEA647N
Real Exports of Goods and Services for Estonia
NXRSAXDCESQ
Unemployment to Population Rate: All Ages: Females for Estonia
LRUPTTFEEEQ156S
Harmonized Index of Consumer Prices: Passenger Transport by Railway for Estonia
CP0731EEM086NEST
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Estonia
ESTCP030000GYM
Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Estonia (CPGREN01EEA657N), retrieved from FRED.