Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing for Estonia
ESTCPHP0401GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.50
Year-over-Year Change
-50.98%
Date Range
1/1/1998 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing for Estonia measures the changes in prices for housing and utility costs in Estonia. This key economic indicator provides insights into 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 economic trend tracks the prices of actual rental housing, water, electricity, gas, and other fuels in Estonia. It is a component of the broader Harmonized Index of Consumer Prices, which is used for international inflation comparisons across the European Union.
Methodology
The data is collected through surveys of consumer prices and housing costs by the Statistical Office of Estonia.
Historical Context
Policymakers and economists closely monitor housing and utility costs as they are major drivers of overall inflation and household expenses.
Key Facts
- Estonia joined the Eurozone in 2011.
- Housing and utilities account for over 25% of the Estonian CPI basket.
- Rental housing costs have increased by over 30% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the changes in prices for actual rental housing, water, electricity, gas, and other fuels in Estonia.
Q: Why is this trend relevant for users or analysts?
A: Housing and utility costs are major drivers of overall inflation and household expenses, making this a key indicator for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices and housing costs by the Statistical Office of Estonia.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor housing and utility costs as they are major components of overall inflation and the cost of living.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing for Estonia (ESTCPHP0401GPM), retrieved from FRED.