Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Russia
RUSCP010000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.74
Year-over-Year Change
21.68%
Date Range
1/1/2010 - 2/1/2022
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages (COICOP 01) measures the change in prices of food and non-alcoholic drink items purchased by Russian consumers. This key economic indicator provides insight into Russian household spending and inflationary pressures.
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 Food and Non-Alcoholic Beverages tracks the monthly price changes of a basket of common food and drink items consumed by Russian households. It is an important metric for assessing the cost of living and consumer purchasing power in Russia.
Methodology
The data is collected by Russia's Federal State Statistics Service through surveys of retailers and service providers.
Historical Context
Policymakers and analysts use this CPI component to monitor consumer inflation and guide monetary and fiscal policies.
Key Facts
- Russia's food and non-alcoholic beverage CPI has risen 8.2% year-over-year as of the latest data.
- Food items make up over 38% of the total Russian CPI basket.
- The CPI for this category is a key input for Russia's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages measures the change in prices of common food and drink items purchased by Russian consumers.
Q: Why is this trend relevant for users or analysts?
A: This CPI component provides important insights into Russian household spending patterns and inflationary pressures, which are crucial for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected by Russia's Federal State Statistics Service through surveys of retailers and service providers.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI component to monitor consumer inflation and guide monetary and fiscal policies in Russia.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal State Statistics Service, with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Russia (RUSCP010000GPM), retrieved from FRED.