Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Russia
RUSCP010000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.40
Year-over-Year Change
204.73%
Date Range
1/1/2005 - 10/1/2021
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Russia measures changes in the prices paid by consumers for a basket of food and non-alcoholic beverage items. This metric is a key indicator of Russian consumer purchasing power and inflation trends.
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 in Russia is a subcomponent of the broader Consumer Price Index, which tracks price changes across a range of consumer goods and services. This specific index focuses on changes in prices for food and non-alcoholic drinks, providing insights into a core component of household spending.
Methodology
The data is collected through surveys of consumer purchases and calculated based on a fixed basket of representative goods and services.
Historical Context
The CPI for Food and Non-Alcoholic Beverages is closely monitored by policymakers and analysts to assess inflationary pressures and the overall state of the Russian economy.
Key Facts
- Russia's CPI for Food and Non-Alcoholic Beverages has a base year of 2010.
- This index accounts for approximately 37% of the overall Russian CPI basket.
- The CPI for Food and Non-Alcoholic Beverages is published monthly by the Federal State Statistics Service of Russia.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Russia measures changes in the prices paid by consumers for a basket of food and non-alcoholic beverage items.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into a core component of household spending and is a key indicator of Russian consumer purchasing power and inflation trends.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer purchases and calculated based on a fixed basket of representative goods and services.
Q: How is this trend used in economic policy?
A: The CPI for Food and Non-Alcoholic Beverages is closely monitored by policymakers and analysts to assess inflationary pressures and the overall state of the Russian economy.
Q: Are there update delays or limitations?
A: The CPI for Food and Non-Alcoholic Beverages is published monthly by the Federal State Statistics Service of Russia, with no known significant update delays or limitations.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Russia (RUSCP010000GYQ), retrieved from FRED.