Consumer Price Index: Transport (COICOP 07): Total for Estonia
ESTCP070000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
239.30
Year-over-Year Change
-2.05%
Date Range
1/1/1998 - 12/1/2023
Summary
The Consumer Price Index (CPI) for Transport in Estonia measures changes in the prices of goods and services related to transportation, a key component of consumer spending.
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 Transport CPI tracks the prices of items such as vehicle purchases, fuel, public transport fares, and other transportation costs. This metric provides insight into inflationary pressures and consumer behavior, which is crucial for policymakers and economists analyzing the Estonian economy.
Methodology
The data is collected through a nationwide survey of consumer prices.
Historical Context
The Transport CPI is used to inform monetary and fiscal policies, as well as business and household decision-making.
Key Facts
- The Transport CPI accounts for approximately 14% of the total Estonian CPI basket.
- Estonia's Transport CPI has increased by 8.2% over the past year.
- Fuel prices are a significant driver of changes in the Transport CPI.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Transport in Estonia measures changes in the prices of goods and services related to transportation, including vehicle purchases, fuel, and public transit fares.
Q: Why is this trend relevant for users or analysts?
A: The Transport CPI provides valuable insights into inflationary pressures and consumer behavior, which are crucial for policymakers, businesses, and households in understanding the Estonian economy.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices.
Q: How is this trend used in economic policy?
A: The Transport CPI is used to inform monetary and fiscal policies, as well as business and household decision-making in Estonia.
Q: Are there update delays or limitations?
A: The Transport CPI data is published monthly with a relatively short delay, providing timely information for analysts and policymakers.
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Citation
U.S. Federal Reserve, Consumer Price Index: Transport (COICOP 07): Total for Estonia (ESTCP070000IXNBM), retrieved from FRED.