Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Russia
RUSCP110000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
192.57
Year-over-Year Change
7.56%
Date Range
1/1/2004 - 2/1/2022
Summary
The Consumer Price Index: Restaurants and Hotels (COICOP 11) for Russia tracks changes in the prices paid by consumers for dining, lodging, and related services. This key inflation indicator is closely monitored by policymakers and economists to assess the cost of living and consumer spending patterns.
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 (CPI) is a widely used measure of inflation, representing the change in prices paid by consumers for a basket of goods and services. The Restaurants and Hotels (COICOP 11) component specifically captures price movements in the hospitality and food service sectors, providing insight into consumer behavior and inflationary pressures in those industries.
Methodology
The data is collected through surveys of prices paid by consumers for a representative sample of goods and services.
Historical Context
Policymakers and central banks often analyze CPI data, including the Restaurants and Hotels component, to inform monetary policy decisions and economic forecasts.
Key Facts
- The base year for the Russian CPI Restaurants and Hotels index is 2016.
- This index is published monthly by the Federal State Statistics Service of Russia.
- Dining and lodging account for a significant portion of the average Russian consumer's expenditures.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Restaurants and Hotels (COICOP 11) for Russia tracks changes in the prices paid by consumers for dining, lodging, and related services.
Q: Why is this trend relevant for users or analysts?
A: This key inflation indicator is closely monitored by policymakers and economists to assess the cost of living and consumer spending patterns in the hospitality and food service sectors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by consumers for a representative sample of goods and services.
Q: How is this trend used in economic policy?
A: Policymakers and central banks often analyze CPI data, including the Restaurants and Hotels component, to inform monetary policy decisions and economic forecasts.
Q: Are there update delays or limitations?
A: The Restaurants and Hotels CPI for Russia is published monthly, with potential delays or limitations in data collection and reporting.
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Citation
U.S. Federal Reserve, Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Russia (RUSCP110000IXNBM), retrieved from FRED.