Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Estonia
ESTCP060000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.04
Year-over-Year Change
14.07%
Date Range
1/1/1999 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Health in Estonia measures the changes in prices paid by consumers for a basket of healthcare goods and services. This metric is a key indicator of inflation and helps policymakers understand the cost-of-living pressures faced by households.
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 Health in Estonia is part of the broader Harmonized Index of Consumer Prices (HICP), which allows for cross-country comparisons of consumer price inflation within the European Union. The health CPI specifically tracks changes in medical care, pharmaceutical products, and other healthcare expenditures.
Methodology
The Estonian CPI for Health is calculated monthly by the Statistical Office of Estonia based on a representative basket of consumer goods and services.
Historical Context
The health CPI is closely monitored by the Bank of Estonia and the European Central Bank to assess inflationary pressures and inform monetary policy decisions.
Key Facts
- The health CPI accounts for about 4% of the total Estonian consumer price index basket.
- Estonia's health CPI has risen by an average of 3.5% per year over the past decade.
- Healthcare costs make up a larger share of household budgets in Estonia compared to the EU average.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Health in Estonia measures the changes in prices paid by consumers for a basket of healthcare goods and services.
Q: Why is this trend relevant for users or analysts?
A: The health CPI is a key indicator of inflationary pressures and cost-of-living changes for Estonian households, providing important data for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The Estonian CPI for Health is calculated monthly by the Statistical Office of Estonia based on a representative basket of consumer healthcare goods and services.
Q: How is this trend used in economic policy?
A: The health CPI is closely monitored by the Bank of Estonia and the European Central Bank to assess inflationary pressures and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The health CPI data is published monthly with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Estonia (ESTCP060000GYM), retrieved from FRED.