Consumer Price Index: Recreation and Culture (COICOP 09): Total for Russia
RUSCP090000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.15
Year-over-Year Change
357.16%
Date Range
4/1/2004 - 10/1/2021
Summary
The Consumer Price Index (CPI) for Recreation and Culture in Russia measures changes in the prices of goods and services related to recreation, entertainment, and cultural activities. This trend is important for economists and policymakers to understand consumer spending patterns and inflationary pressures in the Russian economy.
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 Recreation and Culture in Russia is a subcomponent of the overall CPI, which is a key indicator of inflation. It tracks the prices of a basket of goods and services related to leisure, sports, hobbies, and cultural experiences. This data helps provide a comprehensive view of Russian consumer behavior and spending.
Methodology
The data is collected through regular household surveys and price observations by the Russian Federal State Statistics Service.
Historical Context
The CPI for Recreation and Culture is used by the Central Bank of Russia and other policymakers to inform monetary policy decisions and assess the state of the Russian economy.
Key Facts
- The CPI for Recreation and Culture in Russia has a base year of 2016.
- Prices for recreation and cultural activities make up approximately 6% of the overall Russian CPI basket.
- This indicator has shown steady, moderate growth in recent years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Recreation and Culture in Russia measures changes in the prices of goods and services related to leisure, entertainment, and cultural activities.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into consumer spending patterns and inflationary pressures in the Russian economy, which is useful for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through regular household surveys and price observations by the Russian Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: The CPI for Recreation and Culture is used by the Central Bank of Russia and other policymakers to inform monetary policy decisions and assess the state of the Russian economy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, Consumer Price Index: Recreation and Culture (COICOP 09): Total for Russia (RUSCP090000GPQ), retrieved from FRED.