Consumer Price Index: Total Goods Excluding Services for the Russian Federation
CPGDTT01RUQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
153.10
Year-over-Year Change
32.71%
Date Range
1/1/1993 - 7/1/2015
Summary
The Consumer Price Index: Total Goods Excluding Services for the Russian Federation measures changes in the prices of goods, excluding services, purchased by Russian consumers. This indicator provides important insights into inflationary pressures in the Russian economy.
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
This index tracks the prices of a basket of consumer goods, excluding services, in the Russian Federation. It is a key economic indicator used by policymakers, analysts, and businesses to gauge price dynamics and consumer purchasing power within the Russian market.
Methodology
The data is collected through surveys of Russian households and businesses by the Federal State Statistics Service.
Historical Context
Monitoring this index helps inform monetary and fiscal policies aimed at maintaining price stability in the Russian economy.
Key Facts
- The index base year is 2016.
- Goods account for approximately 50% of the Russian consumer price basket.
- The index is published on a monthly basis.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Total Goods Excluding Services for the Russian Federation measures changes in the prices of a basket of consumer goods, excluding services, purchased by Russian households.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial indicator of inflationary pressures in the Russian economy, helping policymakers, businesses, and consumers assess changes in purchasing power and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Russian households and businesses by the Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: Monitoring this index helps inform monetary and fiscal policies aimed at maintaining price stability in the Russian economy.
Q: Are there update delays or limitations?
A: The index is published on a monthly basis, with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Total Goods Excluding Services for the Russian Federation (CPGDTT01RUQ661N), retrieved from FRED.