Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Estonia
ESTCP110000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.75
Year-over-Year Change
-41.05%
Date Range
1/1/1999 - 1/1/2025
Summary
The Consumer Price Index: Restaurants and Hotels for Estonia measures the change in prices for restaurants, hotels, and related services in the country. This trend is important for analyzing consumer spending patterns and inflation in the hospitality sector.
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: Restaurants and Hotels for Estonia is a component of the broader Consumer Price Index (CPI) and Harmonized Index of Consumer Prices (HICP) for the country. It tracks the prices paid by consumers for dining out, accommodations, and other hospitality services.
Methodology
The data is collected through surveys of businesses in the restaurants and hotels sector.
Historical Context
Policymakers and analysts use this index to understand consumer behavior and inflationary pressures in the hospitality industry.
Key Facts
- The base year for this index is 2015.
- Estonia joined the Eurozone in 2011.
- The hospitality sector accounts for a significant portion of consumer spending in Estonia.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Restaurants and Hotels for Estonia measures the change in prices for dining out, accommodations, and other hospitality services in the country.
Q: Why is this trend relevant for users or analysts?
A: This index is relevant for understanding consumer spending patterns and inflationary pressures in Estonia's hospitality industry, which is an important sector of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the restaurants and hotels sector.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor consumer behavior and inflationary pressures in the hospitality industry, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedules and potential limitations of the broader CPI and HICP datasets for Estonia.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Estonia (ESTCP110000GYQ), retrieved from FRED.