Consumer Price Index: Harmonized Prices: Communication (COICOP 08): Total for Estonia
ESTCPHP0800GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.00
Year-over-Year Change
-28.57%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Communication (COICOP 08): Total for Estonia measures changes in the prices of communication-related goods and services in Estonia. This key economic indicator provides insights into 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
The Communication CPI for Estonia is part of the Harmonized Index of Consumer Prices (HICP), a standardized measure of inflation used across the European Union. It tracks the prices of a basket of communication-related items, including telephone and internet services, postal charges, and communications equipment.
Methodology
The data is collected through a monthly survey of retailers and service providers across Estonia.
Historical Context
This index is closely monitored by policymakers and economists to assess the state of the Estonian economy and inform monetary and fiscal decisions.
Key Facts
- Estonia joined the Eurozone in 2011.
- Communication accounts for around 3.5% of the Estonian consumer price basket.
- The Communication CPI reached a record high in 2022.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Harmonized Prices: Communication (COICOP 08): Total for Estonia measures changes in the prices of communication-related goods and services in Estonia.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into inflationary pressures and consumer spending patterns in the communication sector, which is crucial for understanding the overall state of the Estonian economy.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of retailers and service providers across Estonia.
Q: How is this trend used in economic policy?
A: The Communication CPI is closely monitored by policymakers and economists to assess the state of the Estonian economy and inform monetary and fiscal decisions.
Q: Are there update delays or limitations?
A: The Communication CPI data is published monthly with a typical delay of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Communication (COICOP 08): Total for Estonia (ESTCPHP0800GPM), retrieved from FRED.