Consumer Price Index: Recreation and Culture (COICOP 09): Total for Russia
RUSCP090000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
195.79
Year-over-Year Change
8.30%
Date Range
1/1/2004 - 2/1/2022
Summary
The Consumer Price Index: Recreation and Culture (COICOP 09) measures changes in prices for recreational goods and services in Russia. This data is crucial for understanding consumer spending patterns and evaluating the overall state of 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 COICOP 09 index tracks the prices of a wide range of recreational items, including televisions, computers, sports equipment, cultural events, and other leisure activities. It is a key component of the broader Consumer Price Index and provides insights into Russian consumers' purchasing power and lifestyle trends.
Methodology
The data is collected through surveys of retail establishments and households across Russia.
Historical Context
Policymakers and analysts use this index to monitor inflationary pressures and consumer behavior, which informs economic decision-making.
Key Facts
- The base year for the COICOP 09 index is 2016.
- Prices for recreation and culture account for about 6% of the total Russian Consumer Price Index.
- The index has shown steady increases in recent years, reflecting growing consumer demand for leisure activities.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Recreation and Culture (COICOP 09) measures changes in prices for a wide range of recreational goods and services in Russia.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into consumer spending patterns and the overall state of the Russian economy, which is crucial for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and households across Russia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor inflationary pressures and consumer behavior, which informs economic decision-making.
Q: Are there update delays or limitations?
A: The index is published regularly, with minimal update delays, providing a timely view of Russian consumer prices for recreation and culture.
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Citation
U.S. Federal Reserve, Consumer Price Index: Recreation and Culture (COICOP 09): Total for Russia (RUSCP090000IXNBM), retrieved from FRED.