Consumer Price Index: OECD Groups: Services: Total for Estonia
ESTCPGRSE01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.90
Year-over-Year Change
-18.90%
Date Range
2/1/1998 - 12/1/2023
Summary
The Consumer Price Index: OECD Groups: Services: Total for Estonia measures changes in the prices of services in Estonia. This key economic indicator is crucial for policymakers and analysts to assess inflation and the cost of living.
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
This series tracks the price changes of a wide basket of services consumed by households in Estonia, such as housing, transportation, and healthcare. It is a critical data point for understanding economic conditions and informing monetary and fiscal policy decisions.
Methodology
The data is collected through comprehensive surveys of consumer prices and compiled by the OECD.
Historical Context
The services CPI is closely monitored by the Estonian central bank and government to guide economic policy.
Key Facts
- Estonia's services CPI has risen by over 20% in the past 5 years.
- Housing and utility costs are the largest components of the Estonian services CPI.
- The services CPI tends to be more stable than the overall CPI in Estonia.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: OECD Groups: Services: Total for Estonia measures changes in the prices of a wide range of services consumed by households in the country.
Q: Why is this trend relevant for users or analysts?
A: The services CPI is a crucial indicator for assessing inflation and the cost of living in Estonia, which informs monetary and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through comprehensive surveys of consumer prices and compiled by the OECD.
Q: How is this trend used in economic policy?
A: The Estonian central bank and government closely monitor the services CPI to guide their economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Services: Total for Estonia (ESTCPGRSE01GPM), retrieved from FRED.