Consumer Price Index: Services Less Housing for Estonia
CPSELR01EEM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.08
Year-over-Year Change
2.05%
Date Range
1/1/1998 - 5/1/2018
Summary
The Consumer Price Index: Services Less Housing for Estonia measures the change in prices for a basket of services in Estonia, excluding housing. This metric is closely watched by economists and policymakers as an indicator of underlying inflationary pressures 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 Consumer Price Index: Services Less Housing for Estonia is a subcomponent of the broader Consumer Price Index that tracks changes in the prices of services in Estonia, excluding housing costs such as rent and utilities. This indicator provides insight into inflationary trends in the service sector, which is a major driver of economic activity.
Methodology
The data is collected by Estonia's national statistical agency through surveys of businesses and consumers.
Historical Context
Policymakers and analysts use this metric to assess the overall health of the Estonian economy and make informed decisions about monetary and fiscal policy.
Key Facts
- The base year for the index is 2015.
- Estonia joined the Eurozone in 2011.
- Services account for over 60% of Estonia's GDP.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Services Less Housing for Estonia measures changes in the prices of services in Estonia, excluding housing costs such as rent and utilities.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into inflationary pressures in the Estonian services sector, which is a major driver of economic activity. It is closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by Estonia's national statistical agency through surveys of businesses and consumers.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the overall health of the Estonian economy and make informed decisions about monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Consumer Price Index: Services Less Housing for Estonia (CPSELR01EEM661N), retrieved from FRED.