Consumer Price Index: OECD Groups: Services: Total for Russia
RUSCPGRSE01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.47
Year-over-Year Change
235.71%
Date Range
1/1/2012 - 10/1/2021
Summary
The Consumer Price Index (CPI) for Services: Total measures the change in prices for a basket of consumer services in Russia. It serves as a key indicator of inflation and consumer spending trends.
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 Services: Total in Russia tracks the monthly change in prices for a range of consumer services, including housing, transportation, healthcare, and entertainment. This data is a crucial input for policymakers and economists in understanding the state of the Russian economy.
Methodology
The CPI is calculated by the Russian Federal State Statistics Service based on a representative basket of consumer goods and services.
Historical Context
Trends in the CPI for Services are closely monitored by the Central Bank of Russia and international institutions to guide monetary policy and assess the overall health of the Russian economy.
Key Facts
- The CPI for Services: Total in Russia has a base year of 2015.
- Services account for over 60% of Russia's GDP.
- The CPI for Services reached a peak in 2022 amid high inflation.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Services: Total measures the change in prices for a basket of consumer services in Russia, providing insight into service sector inflation.
Q: Why is this trend relevant for users or analysts?
A: Trends in the CPI for Services are crucial for understanding the overall state of the Russian economy and informing monetary policy decisions.
Q: How is this data collected or calculated?
A: The CPI is calculated by the Russian Federal State Statistics Service based on a representative basket of consumer goods and services.
Q: How is this trend used in economic policy?
A: The CPI for Services is closely monitored by the Central Bank of Russia and international institutions to guide monetary policy and assess the health of the Russian economy.
Q: Are there update delays or limitations?
A: The CPI for Services data is published monthly by the Russian statistical agency, with some potential for slight delays in reporting.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Services: Total for Russia (RUSCPGRSE01GPQ), retrieved from FRED.