Consumer Price Index: Harmonized Prices: Education (COICOP 10): Total for Estonia
ESTCPHP1000IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.21
Year-over-Year Change
7.80%
Date Range
1/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Education (COICOP 10): Total for Estonia measures changes in the prices paid by Estonian consumers for education-related goods and services.
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 is a key indicator of inflationary pressures in the Estonian education sector, providing insights into the affordability and accessibility of educational opportunities for households.
Methodology
The data is collected through a monthly survey of retail prices in Estonia.
Historical Context
Policymakers and analysts use this index to assess the impact of economic conditions on educational costs.
Key Facts
- Estonia's education CPI has risen by 10% over the past 5 years.
- Higher education costs account for the largest share of the education index.
- The education index is a component of Estonia's overall consumer price index.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the prices paid by Estonian consumers for education-related goods and services, including tuition, textbooks, and other education expenses.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the affordability and accessibility of education in Estonia, which is a key factor in human capital development and economic growth.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of retail prices in Estonia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the impact of economic conditions on educational costs and to inform decisions related to education funding and affordability.
Q: Are there update delays or limitations?
A: The index is updated monthly, but there may be a short delay in the release of the data.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Education (COICOP 10): Total for Estonia (ESTCPHP1000IXEBM), retrieved from FRED.