Consumer Price Index: Harmonized Prices: Clothing and Footwear (COICOP 03): Total for Estonia
ESTCPHP0300GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.20
Year-over-Year Change
-500.00%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Clothing and Footwear (COICOP 03): Total for Estonia measures changes in the prices of clothing and footwear products in Estonia. This metric is important for economists and policymakers to monitor inflationary pressures and consumer spending patterns.
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 index tracks the price development of a basket of clothing and footwear items in Estonia, based on the Classification of Individual Consumption by Purpose (COICOP) framework. It provides insights into consumer behavior and price dynamics within this key spending category.
Methodology
The data is collected through regular price surveys of a representative sample of products.
Historical Context
This index is used to inform monetary and fiscal policies targeting consumer price stability.
Key Facts
- Estonia's clothing and footwear prices are measured using the COICOP framework.
- The index is used to monitor inflationary pressures in the Estonian consumer market.
- Price data is collected through regular surveys of a representative product sample.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of clothing and footwear products in Estonia, based on the COICOP classification system.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into inflationary pressures and consumer spending patterns within the clothing and footwear sector in Estonia, which is crucial for economic policymaking.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys of a representative sample of clothing and footwear products.
Q: How is this trend used in economic policy?
A: This index is used by economists and policymakers to inform monetary and fiscal policies targeting consumer price stability in Estonia.
Q: Are there update delays or limitations?
A: The index is published regularly, but there may be some delays in data availability due to the time required for price surveys and data processing.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Clothing and Footwear (COICOP 03): Total for Estonia (ESTCPHP0300GPM), retrieved from FRED.