Consumer Price Index: Harmonized Prices: Services: Total for Estonia
ESTCPHPSE01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.40
Year-over-Year Change
-50.00%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Services: Total for Estonia measures the change in prices for a basket of consumer services in Estonia. It is a key indicator of inflation and cost of living trends in the country.
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 prices of a representative sample of consumer services in Estonia, including housing, utilities, transportation, recreation, and other categories. It is harmonized to EU standards, allowing for cross-country comparisons. Economists and policymakers use this data to assess inflationary pressures and guide macroeconomic policy.
Methodology
The data is collected through surveys of businesses and households by the Estonian Statistical Office.
Historical Context
The Estonian CPI services index is used by the European Central Bank and Estonian government to monitor price stability and inform economic policy decisions.
Key Facts
- Estonia's CPI services index has a base year of 2015.
- The index covers over 60% of total consumer expenditure in Estonia.
- Prices are collected from over 2,000 retail outlets nationwide.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Harmonized Prices: Services: Total for Estonia measures the change in prices for a basket of consumer services in the country.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures and cost of living trends in Estonia, and is used by policymakers and economists to assess the state of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the Estonian Statistical Office.
Q: How is this trend used in economic policy?
A: The Estonian CPI services index is used by the European Central Bank and Estonian government to monitor price stability and inform macroeconomic policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical 2-week release lag.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Services: Total for Estonia (ESTCPHPSE01GPM), retrieved from FRED.