Consumer Price Index: All Items: Total for Estonia
ESTCPALTT01IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
291.80
Year-over-Year Change
37.38%
Date Range
1/1/1998 - 10/1/2023
Summary
The Consumer Price Index (CPI) for All Items: Total in Estonia measures changes in the prices paid by consumers for a basket of goods and services. It is a key economic indicator used to track inflation and guide monetary policy.
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 All Items: Total in Estonia is a comprehensive measure of the average change in prices paid by consumers for a fixed market basket of goods and services. It is used to assess changes in the purchasing power of the Estonian kroon and to adjust wages, pensions, and other payments for inflation.
Methodology
The data is collected through surveys of retailers and consumers by the Statistics Estonia agency.
Historical Context
The CPI is closely monitored by the European Central Bank and Estonian policymakers to inform decisions on interest rates and other monetary policy actions.
Key Facts
- The CPI for Estonia uses 2015 as the base year.
- Prices are surveyed across 12 major expenditure categories.
- Estonia adopted the euro as its currency in 2011.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for All Items: Total in Estonia measures the average change in prices paid by consumers for a basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation in Estonia and is used by policymakers, businesses, and consumers to understand changes in purchasing power and the cost of living.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and consumers by the Statistics Estonia agency.
Q: How is this trend used in economic policy?
A: The Estonian CPI is closely monitored by the European Central Bank and Estonian policymakers to inform decisions on interest rates and other monetary policy actions.
Q: Are there update delays or limitations?
A: The CPI data for Estonia is published monthly with a typical 2-week delay.
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: Total for Estonia (ESTCPALTT01IXNBQ), retrieved from FRED.