Consumer Price Index: Harmonized Prices: All Items: Total for Estonia
CPHPTT01EEM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: All Items: Total for Estonia measures the changes in the overall price level of consumer goods and services in Estonia over time.
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
This trend represents the harmonized index of consumer prices (HICP) for Estonia, which is a key economic indicator used to assess inflation and guide monetary policy decisions. The HICP measures the changes in prices of a basket of consumer goods and services from a fixed base year.
Methodology
The data is collected through surveys of consumer expenditures and prices.
Historical Context
The HICP is used by the European Central Bank to monitor and maintain price stability across the Eurozone.
Key Facts
- Estonia joined the Eurozone in 2011.
- The HICP is measured on a scale where 2015 = 100.
- The HICP is a key input for the European Central Bank's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Harmonized Prices: All Items: Total for Estonia measures the changes in the overall price level of consumer goods and services in Estonia.
Q: Why is this trend relevant for users or analysts?
A: The HICP is a critical indicator used by the European Central Bank to monitor and maintain price stability across the Eurozone, which impacts economic growth, consumer purchasing power, and interest rate decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices.
Q: How is this trend used in economic policy?
A: The HICP is a key input for the European Central Bank's monetary policy decisions, as it helps guide their efforts to maintain price stability across the Eurozone.
Q: Are there update delays or limitations?
A: The HICP data is typically published on a monthly basis with minimal delay.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: All Items: Total for Estonia (CPHPTT01EEM657N), retrieved from FRED.