Estonia - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Estonia was 127.26 as of 2021. As the graph below shows, over the past 29 years this indicator reached a maximum value of 127.26 in 2021 and a minimum value of 11.64 in 1992.

Definition: Consumer price index reflects changes in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Data are period averages.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1992 11.64
1993 22.09
1994 32.62
1995 42.00
1996 51.68
1997 57.15
1998 61.85
1999 63.88
2000 66.45
2001 70.27
2002 72.78
2003 73.75
2004 76.00
2005 79.10
2006 82.61
2007 88.06
2008 97.19
2009 97.11
2010 100.00
2011 104.98
2012 109.11
2013 112.15
2014 112.03
2015 111.47
2016 111.64
2017 115.46
2018 119.42
2019 122.14
2020 121.60
2021 127.26

Development Relevance: A general and continuing increase in an economy’s price level is called inflation. The increase in the average prices of goods and services in the economy should be distinguished from a change in the relative prices of individual goods and services. Generally accompanying an overall increase in the price level is a change in the structure of relative prices, but it is only the average increase, not the relative price changes, that constitutes inflation. A commonly used measure of inflation is the consumer price index, which measures the prices of a representative basket of goods and services purchased by a typical household. The consumer price index is usually calculated on the basis of periodic surveys of consumer prices. Other price indices are derived implicitly from indexes of current and constant price series.

Limitations and Exceptions: Consumer price indexes should be interpreted with caution. The definition of a household, the basket of goods, and the geographic (urban or rural) and income group coverage of consumer price surveys can vary widely by country. In addition, weights are derived from household expenditure surveys, which, for budgetary reasons, tend to be conducted infrequently in developing countries, impairing comparability over time. Although useful for measuring consumer price inflation within a country, consumer price indexes are of less value in comparing countries.

Statistical Concept and Methodology: Consumer price indexes are constructed explicitly, using surveys of the cost of a defined basket of consumer goods and services.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices