Estonia - Consumer Price Index (CPI)




Estonia: Consumer Price Index (CPI)

Mnemonic CPI.IEST
Unit 1997=100, NSA
Adjustments Not Seasonally Adjusted
Monthly 0.39 %
Data Mar 2024 296.96
Feb 2024 295.81

Series Information

Source Statistics Estonia
Release Consumer Price Index
Frequency Monthly
Start Date 1/31/1992
End Date 3/31/2024

Estonia: Price

Reference Last Previous Units Frequency
Consumer Price Index (CPI) Mar 2024 296.96 295.81 1997=100, NSA Monthly
Producer Price Index (PPI) Mar 2024 154.52 155.15 Index 2010=100, NSA Monthly
Wholesale Price Index 2016 106.56 107.29 Index 2010 = 100 Annual

Release Information

Description

Consumer price index expresses the change in the prices of consumer goods and paid services. The Statistical Office of Estonia classifies the consumer price index according to COICOP (Classification of Individual Consumption by Purpose).

Methodology

Since 2001 the Statistical Office of Estonia updates every year the weights system of the consumer price index and base prices for calculation. In the current year (t) the base prices for the calculation of the consumer price index are the prices of the last year (t-1) December. The calculations are made on the base last year December = 100. The weights system corresponds to the average expenditure structure of the population in the last year. To ensure the comparison with previous periods, the consumer price index is continued to be published on the base 1997 = 100. Last year December is the linking month. The breakdown into groups of consumption is based on the Classification of Individual Consumption by Purpose (COICOP). Prices of goods and services are registered in ten Estonian towns every month. The observation period is the week including the 15th day of the month.

The weight structure used in 2008 is as follows:

Commodity group

Weight, ‰

  

TOTAL

1000.0

Food and non-alcoholic beverages

217.0

Alcoholic beverages and tobacco

71.7

Clothing and footwear

67.2

Housing

144.2

Household goods

56.1

Health

37.8

Transport

152.1

Communications

49.2

Recreation and culture

87.0

Education

19.3

Hotels, cafés and restaurants

43.1

Miscellaneous goods and services

55.3

The consumer price index is published monthly on the 5th working day of the month following the end of the reference month.

The annual index has been calculated as the average of 12 months.

Revisions

Data are final when first released and are not subject to revision

Notes