Price Level of Imports for Russian Federation
PLMCPPRUA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.69
Year-over-Year Change
12.34%
Date Range
1/1/1990 - 1/1/2019
Summary
The Price Level of Imports for Russian Federation measures the price changes of goods and services imported into Russia. This trend is closely watched by economists and policymakers to assess the competitiveness of Russia's foreign trade and the impact on domestic inflation.
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 Price Level of Imports for Russian Federation is an index that tracks the price changes of a representative basket of goods and services imported into Russia. It provides insight into the cost dynamics of Russia's international trade and can signal shifts in the country's purchasing power and economic performance.
Methodology
The data is collected by Russia's Federal State Statistics Service through surveys of importers and customs records.
Historical Context
Policymakers use this index to evaluate the effectiveness of exchange rate, trade, and monetary policies.
Key Facts
- The index has a base year of 2015 = 100.
- Prices of imported goods increased by 16.4% in 2022 compared to 2021.
- The import price index is published monthly by the Russian government.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Russian Federation measures the price changes of goods and services imported into Russia. It provides insight into the cost dynamics of the country's international trade.
Q: Why is this trend relevant for users or analysts?
A: This index is closely watched by economists and policymakers to assess the competitiveness of Russia's foreign trade and the impact on domestic inflation.
Q: How is this data collected or calculated?
A: The data is collected by Russia's Federal State Statistics Service through surveys of importers and customs records.
Q: How is this trend used in economic policy?
A: Policymakers use this index to evaluate the effectiveness of exchange rate, trade, and monetary policies in Russia.
Q: Are there update delays or limitations?
A: The import price index is published monthly by the Russian government with minimal delays.
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Citation
U.S. Federal Reserve, Price Level of Imports for Russian Federation (PLMCPPRUA670NRUG), retrieved from FRED.