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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
EstoniaEstonia CPI climbed to 296.96 in March 2024
FMPMonthlyReleased April 2024
Estonia CPI climbed to 296.96 in March 2024, released April 2024, up 1.15 from February's 295.81 reading. The reading matched expectations. CPI has now risen for 4 consecutive months. Over the past 3 months, CPI averaged 294.4, vs 291.86 in the prior 3-month window. CPI is now the highest in 17 months.
Latest Release
296.96
Actual
296.7
Consensus
295.81
Previous
Median Absolute Error
±0.85
across last 12 releases
Last Call
Apr 2024
Predicted: 297.16
Actual: 296.96
Error: +0.2
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CPI (Estonia) was reported at 296.96 in April 2024. This beat the market consensus of 296.70 by 0.26. The reading rose from the previous value of 295.81.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 296.19, up from the prior three at 291.77.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch). Over the last 12 releases, the Sigmacast model's median absolute error is 0.85.
Auto-generated from current model state · Refreshes on each release · Last update April 2024.
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CPI - EE
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About CPI — Estonia
DEFINITION
CPI, or Consumer Price Index, is a widely used economic indicator that measures the average change in prices of goods and services purchased by households. It is an important tool for assessing inflation and the overall cost of living for consumers. The CPI is calculated by tracking the prices of a basket of goods and services over time, providing valuable insights into the current state of the economy and its impact on consumers. This indicator is closely monitored by policymakers, businesses, and investors to make informed decisions about economic trends and financial strategies.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2024): actual 297, consensus 296.7. Prior reading (Feb 2024): 295.8. Before that (Jan 2024): 295.8.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.