Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Russia
RUSCP020000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
140.68
Year-over-Year Change
6.00%
Date Range
1/1/2004 - 2/1/2022
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics measures changes in the prices paid by consumers in Russia for these products.
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 CPI series tracks the inflation rate for a basket of alcoholic beverage, tobacco, and narcotic products. It is a key indicator used by economists and policymakers to monitor consumer spending and the overall cost of living in Russia.
Methodology
The data is collected through surveys of retail prices paid by consumers.
Historical Context
The CPI for Alcoholic Beverages, Tobacco and Narcotics is used to adjust economic policies and assess the impact on household budgets.
Key Facts
- The base year for this CPI series is 2015.
- Alcoholic beverages, tobacco, and narcotics account for about 5% of the consumer price basket in Russia.
- The CPI for this category has risen by an average of 4.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This CPI series measures changes in the prices paid by consumers in Russia for a basket of alcoholic beverage, tobacco, and narcotic products.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Alcoholic Beverages, Tobacco and Narcotics is a key indicator used by economists and policymakers to monitor consumer spending and the overall cost of living in Russia.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail prices paid by consumers.
Q: How is this trend used in economic policy?
A: The CPI for Alcoholic Beverages, Tobacco and Narcotics is used to adjust economic policies and assess the impact on household budgets.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Russia (RUSCP020000IXOBM), retrieved from FRED.