Consumer Price Index: Transport (COICOP 07): Total for Russia
RUSCP070000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.42
Year-over-Year Change
954.82%
Date Range
4/1/2004 - 10/1/2021
Summary
The Consumer Price Index: Transport (COICOP 07): Total for Russia measures changes in the prices of transportation goods and services for Russian consumers. This key indicator provides insights into inflationary pressures and consumer purchasing power within Russia's transportation sector.
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 Consumer Price Index: Transport (COICOP 07): Total for Russia tracks the price changes of a basket of transportation-related goods and services, including private and public transportation, fuel, and vehicle maintenance and repair. This index is a vital economic indicator used by policymakers, analysts, and businesses to assess cost-of-living trends and broader inflationary dynamics within the Russian economy.
Methodology
The data is collected through surveys of Russian households and businesses by the Federal State Statistics Service.
Historical Context
The Consumer Price Index: Transport for Russia is closely monitored by the Central Bank of Russia and other government agencies to inform monetary and fiscal policy decisions.
Key Facts
- The base year for the Russian CPI: Transport index is 2020.
- Transportation accounts for around 15% of the total Russian consumer price index basket.
- The index reached an all-time high of 145.78 in December 2022.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Transport (COICOP 07): Total for Russia measures changes in the prices of transportation goods and services purchased by Russian consumers.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflationary pressures and consumer purchasing power within Russia's transportation sector, which is a crucial component of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Russian households and businesses by the Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: The Consumer Price Index: Transport for Russia is closely monitored by the Central Bank of Russia and other government agencies to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical delay of 2-3 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Consumer Price Index: Transport (COICOP 07): Total for Russia (RUSCP070000GPQ), retrieved from FRED.