Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Estonia
ESTCPHPSE01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.90
Year-over-Year Change
17.91%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Services in Estonia measures changes in the prices paid by consumers for a basket of service-related goods and services. This metric is a key indicator of inflation and a critical tool for economic policymakers.
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 CPI for Services in Estonia is a component of the broader Consumer Price Index, which tracks the average change in prices paid by consumers for a comprehensive basket of goods and services. The Services CPI specifically focuses on price changes for service-related expenditures, providing valuable insights into inflationary pressures in the service sector.
Methodology
The data is collected through surveys of consumer expenditures and retail prices.
Historical Context
The CPI for Services is used by the Estonian government and central bank to monitor inflation and inform monetary and fiscal policy decisions.
Key Facts
- The CPI for Services in Estonia has a base year of 2015.
- Services account for approximately 50% of the total Estonian consumer basket.
- The Services CPI is a key input for the European Central Bank's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Services in Estonia measures changes in the prices paid by consumers for a basket of service-related goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Services CPI is a critical indicator of inflationary pressures in the service sector, providing valuable insights for economic policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and retail prices.
Q: How is this trend used in economic policy?
A: The CPI for Services is used by the Estonian government and central bank to monitor inflation and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The CPI for Services in Estonia is published on a monthly basis with a typical release lag of 2-3 weeks.
Related Trends
Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Domestic for Estonia
PITGND02EEM661N
Harmonized Index of Consumer Prices: Newspapers and Periodicals for Estonia
CP0952EEM086NEST
Value of Exports to Estonia from Michigan
MIESTA052SCEN
Financial System Deposits to GDP for Estonia
DDDI08EEA156NWDB
Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Estonia
LRUN64TTEEQ156S
Harmonized Index of Consumer Prices: Recreational and Sporting Services for Estonia
CP0941EEM086NEST
Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Estonia (ESTCPHPSE01GYM), retrieved from FRED.