Consumer Price Index: Education (COICOP 10): Total for Russia
RUSCP100000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.04
Year-over-Year Change
-33.33%
Date Range
1/1/2010 - 2/1/2022
Summary
The Consumer Price Index (CPI) for Education in Russia measures changes in the prices of goods and services related to education. This key economic indicator provides insights into inflationary pressures and consumer spending patterns in the education 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 CPI for Education in Russia is a subcomponent of the overall Consumer Price Index, which tracks the changes in the cost of a basket of consumer goods and services. The Education CPI specifically monitors the prices of tuition, textbooks, school supplies, and other education-related expenses, offering valuable data for policymakers and economists.
Methodology
The data is collected through surveys of households and businesses, with prices recorded for a representative sample of educational goods and services.
Historical Context
The Education CPI is used to inform decisions related to education funding, tuition prices, and cost-of-living adjustments for educators and students.
Key Facts
- The base year for the Russian Education CPI is 2016.
- Education accounts for approximately 3% of the overall Russian CPI basket.
- The Education CPI has shown steady increases in recent years, outpacing the overall inflation rate.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Education in Russia measures the changes in the prices of goods and services related to education, including tuition, textbooks, and school supplies.
Q: Why is this trend relevant for users or analysts?
A: The Education CPI provides important insights into inflationary pressures and consumer spending patterns in the education sector, which is crucial for policymakers, educators, and families.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses, with prices recorded for a representative sample of educational goods and services.
Q: How is this trend used in economic policy?
A: The Education CPI is used to inform decisions related to education funding, tuition prices, and cost-of-living adjustments for educators and students.
Q: Are there update delays or limitations?
A: The Education CPI data is published on a monthly basis, with some potential for minor delays in data collection and reporting.
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Citation
U.S. Federal Reserve, Consumer Price Index: Education (COICOP 10): Total for Russia (RUSCP100000GPM), retrieved from FRED.