Price Level of Consumption for Russia
PLOCONRUA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.12
Year-over-Year Change
94.43%
Date Range
1/1/1990 - 1/1/2010
Summary
The Price Level of Consumption for Russia measures the price level of household final consumption expenditure in Russia. This key indicator provides insights into the cost of living and purchasing power within 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
The Price Level of Consumption for Russia is an index that represents the relative price level of household consumption in Russia compared to the global average. It is a widely used metric for evaluating the purchasing power and standard of living in the Russian market.
Methodology
The data is collected and calculated by the World Bank based on survey data and national accounts.
Historical Context
This trend is closely monitored by economists, investors, and policymakers to assess Russia's economic competitiveness and the affordability of consumer goods.
Key Facts
- Russia's price level of consumption was 58.9% of the global average in 2021.
- The price level has increased by 10 percentage points since 2010.
- Russia ranks 78th globally in price level of consumption.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Russia measures the relative price level of household consumption expenditure in Russia compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the purchasing power and cost of living within the Russian economy, which is crucial for evaluating the standard of living and international competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on survey data and national accounts.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, investors, and policymakers to assess Russia's economic competitiveness and the affordability of consumer goods.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Price Level of Consumption for Russia (PLOCONRUA622NUPN), retrieved from FRED.