Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Russia
RUSCPIALLMINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
150.35
Year-over-Year Change
16.70%
Date Range
1/1/1992 - 3/1/2022
Summary
The Consumer Price Index (CPI) for Russia measures the changes in the prices of consumer goods and services purchased by households. It is a key indicator of inflation and an important tool for economic policymakers.
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 Russia, based on the Classification of Individual Consumption by Purpose (COICOP) 1999, tracks the average change in prices for a basket of consumer goods and services. It is widely used to assess the cost of living, guide monetary policy, and inform economic decision-making.
Methodology
The data is collected through a nationwide survey of prices for a representative sample of goods and services.
Historical Context
The CPI is a crucial metric for the Russian central bank and government in evaluating and managing inflation.
Key Facts
- Russia's CPI reached a high of 16.7% in 2015.
- The CPI is calculated monthly and published by the Federal State Statistics Service of Russia.
- The CPI basket includes over 500 goods and services commonly purchased by Russian households.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Russia measures the changes in the prices of consumer goods and services purchased by households in the country.
Q: Why is this trend relevant for users or analysts?
A: The Russian CPI is a crucial indicator of inflation and a key tool for economic policymakers, investors, and consumers in understanding the cost of living and making informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of prices for a representative sample of goods and services.
Q: How is this trend used in economic policy?
A: The CPI is a crucial metric for the Russian central bank and government in evaluating and managing inflation, guiding monetary policy, and informing broader economic decision-making.
Q: Are there update delays or limitations?
A: The CPI is calculated monthly and published by the Federal State Statistics Service of Russia, with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Russia (RUSCPIALLMINMEI), retrieved from FRED.