Consumer Price Index: All Items: Total for Russia
CPALTT01RUM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.61
Year-over-Year Change
1053.49%
Date Range
2/1/1992 - 3/1/2022
Summary
The Consumer Price Index (CPI) for All Items in Russia measures the changes in the average prices paid by consumers for a basket of goods and services. It is a key indicator of inflation and an important tool for economic policy-makers.
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 All Items in Russia tracks the price changes of a representative basket of consumer goods and services, including food, housing, transportation, and other expenditures. It is used to assess the overall cost of living and helps guide monetary policy decisions.
Methodology
The data is collected monthly by the Federal State Statistics Service of Russia through surveys of retail establishments and households.
Historical Context
The CPI is closely monitored by the Central Bank of Russia and other policymakers to inform decisions on interest rates and other measures to manage inflation.
Key Facts
- The CPI for All Items in Russia has a base year of 2016.
- Russia's CPI reached a high of 17.8% in March 2022 due to the impact of Western sanctions.
- The Central Bank of Russia targets an annual inflation rate of 4%.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for All Items in Russia measures the changes in the average prices paid by consumers for a basket of goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation and is closely monitored by policymakers, economists, and businesses to assess the overall cost of living and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected monthly by the Federal State Statistics Service of Russia through surveys of retail establishments and households.
Q: How is this trend used in economic policy?
A: The CPI is closely monitored by the Central Bank of Russia and other policymakers to inform decisions on interest rates and other measures to manage inflation.
Q: Are there update delays or limitations?
A: The CPI data for Russia is published monthly with minimal delays, providing timely information on price changes.
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: Total for Russia (CPALTT01RUM657N), retrieved from FRED.