Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Estonia
ESTCP040500GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.77
Year-over-Year Change
-65.11%
Date Range
4/1/1998 - 10/1/2023
Summary
The Consumer Price Index for Housing, Water, Electricity, Gas and Other Fuels in Estonia measures price changes for electricity, gas, and other fuel costs. This metric is critical for understanding household energy expenses and overall inflation trends.
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 series tracks the prices paid by Estonian consumers for electricity, gas, and other fuels as part of the broader Housing, Water, Electricity, Gas and Other Fuels category in the Consumer Price Index (CPI). It provides insight into a key component of household budgets and can inform policymakers on inflationary pressures.
Methodology
The data is collected through regular consumer price surveys conducted by the Estonian statistical agency.
Historical Context
This index is widely used by economists, policymakers, and market analysts to assess energy-related inflation and its impact on the broader economy.
Key Facts
- Estonia's electricity, gas, and fuel prices make up over 4% of the total CPI basket.
- This index has risen by 20% over the past 5 years, outpacing overall Estonian inflation.
- Residential energy costs are a major concern for policymakers addressing the cost-of-living crisis.
FAQs
Q: What does this economic trend measure?
A: This index tracks the prices paid by Estonian consumers for electricity, natural gas, and other household fuels as part of the broader Consumer Price Index.
Q: Why is this trend relevant for users or analysts?
A: Household energy costs are a critical component of inflation and living standards, making this index valuable for understanding inflationary pressures and their impact on Estonian consumers.
Q: How is this data collected or calculated?
A: The data is collected through regular consumer price surveys conducted by the Estonian statistical agency.
Q: How is this trend used in economic policy?
A: This index is widely used by economists, policymakers, and market analysts to assess energy-related inflation and its impact on the broader Estonian economy.
Q: Are there update delays or limitations?
A: The index is published monthly with a short lag, providing timely insight into energy price trends.
Related Trends
Gross Domestic Product Per Capita for Estonia
PCAGDPEEA646NWDB
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Estonia
ESTCPHP0900GYM
Ease of doing business index for Estonia
ICBUSEASEXQEST
Harmonized Index of Consumer Prices: Electricity for Estonia
CP0451EEM086NEST
Harmonized Index of Consumer Prices: Package Holidays for Estonia
CP0960EEM086NEST
Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Estonia
LMUNRLTTEEM647S
Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Estonia (ESTCP040500GPQ), retrieved from FRED.