Inflation, consumer prices for the Russian Federation
FPCPITOTLZGRUS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.69
Year-over-Year Change
-42.52%
Date Range
1/1/1993 - 1/1/2021
Summary
The 'Inflation, consumer prices for the Russian Federation' trend measures the rate of change in the average prices paid by Russian consumers for a basket of goods and services. It is a key economic indicator used to track price stability and inform monetary policy decisions.
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 series represents the consumer price index (CPI) for the Russian Federation, a widely used measure of inflation. The CPI tracks the prices of a representative sample of consumer goods and services and is a crucial indicator of the purchasing power of the Russian ruble and the overall cost of living in the country.
Methodology
The data is collected by Russia's Federal State Statistics Service through surveys of households and businesses.
Historical Context
Policymakers and analysts closely monitor this inflation trend to assess the effectiveness of the Central Bank of Russia's monetary policy in maintaining price stability.
Key Facts
- The base year for the Russian CPI is 2016.
- Russia experienced high inflation in the 1990s following the collapse of the Soviet Union.
- The Central Bank of Russia targets an annual inflation rate of 4%.
FAQs
Q: What does this economic trend measure?
A: The 'Inflation, consumer prices for the Russian Federation' trend measures the change in the average prices paid by Russian consumers for a basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: This inflation trend is a crucial indicator of the purchasing power of the Russian ruble and the overall cost of living in the country, making it highly relevant for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected by Russia's Federal State Statistics Service through surveys of households and businesses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this inflation trend to assess the effectiveness of the Central Bank of Russia's monetary policy in maintaining price stability.
Q: Are there update delays or limitations?
A: The data is typically published on a monthly basis, with some potential for slight delays in reporting.
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Citation
U.S. Federal Reserve, Inflation, consumer prices for the Russian Federation (FPCPITOTLZGRUS), retrieved from FRED.