Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Russia
RUSCP030000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.31
Year-over-Year Change
84.46%
Date Range
1/1/2010 - 2/1/2022
Summary
The Consumer Price Index (CPI) for Clothing and Footwear in Russia measures the inflation rate for this major consumer expenditure category. It is a key indicator of changes in the cost of living and consumer purchasing power.
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 Clothing and Footwear is a component of the broader Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. This specific index focuses on the prices of apparel, accessories, and footwear purchased by Russian households.
Methodology
The data is collected through regular surveys of retail establishments and compiled by the Federal State Statistics Service of Russia.
Historical Context
The CPI for Clothing and Footwear is used by policymakers, economists, and consumers to understand inflationary pressures and changes in consumer spending patterns.
Key Facts
- The base year for the index is 2016.
- Clothing and footwear account for around 5% of the total Russian CPI basket.
- The index experienced its highest annual increase of 10.9% in 2015.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Clothing and Footwear in Russia measures the changes in the retail prices of apparel, accessories, and footwear purchased by Russian consumers.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures and changes in consumer spending patterns for a major household expenditure category in Russia.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retail establishments and compiled by the Federal State Statistics Service of Russia.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and consumers use the CPI for Clothing and Footwear to understand changes in the cost of living and assess the overall state of the Russian economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 2-3 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Russia (RUSCP030000GYM), retrieved from FRED.