Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Estonia
ESTCP050000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
171.20
Year-over-Year Change
30.65%
Date Range
1/1/1998 - 10/1/2023
Summary
The Consumer Price Index (CPI) for Furnishings, Household Equipment and Routine Household Maintenance in Estonia measures changes in the prices of household goods and services over time. This key economic indicator provides insight into consumer spending patterns and inflation pressures.
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 Furnishings, Household Equipment and Routine Household Maintenance in Estonia is a subcomponent of the overall CPI, which is used to track cost-of-living changes for consumers. This data series is an important input for economic analysis and policy decisions related to household budgets and inflation management.
Methodology
The Estonian CPI is calculated based on a survey of household expenditures and prices collected by the national statistical office.
Historical Context
Policymakers and analysts monitor this CPI data to understand consumer behavior and make informed decisions about economic and fiscal policies.
Key Facts
- The base year for the Estonian CPI is 2015.
- Household furnishings and equipment account for about 5% of the total Estonian consumer expenditure basket.
- Estonia joined the Eurozone in 2011.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Furnishings, Household Equipment and Routine Household Maintenance in Estonia measures changes in the prices of household goods and services over time.
Q: Why is this trend relevant for users or analysts?
A: This CPI data provides important insights into consumer spending patterns and inflation pressures, which are key inputs for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The Estonian CPI is calculated based on a survey of household expenditures and prices collected by the national statistical office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this CPI data to understand consumer behavior and make informed decisions about economic and fiscal policies.
Q: Are there update delays or limitations?
A: The CPI data for Estonia is published on a monthly basis with a relatively short time lag.
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Citation
U.S. Federal Reserve, Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Estonia (ESTCP050000IXNBQ), retrieved from FRED.