Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Domestic for Russia
RUSPITGND02GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.46
Year-over-Year Change
39.05%
Date Range
1/1/2015 - 1/1/2022
Summary
The Producer Prices Index (PPI) for Non-Durable Consumer Goods in Russia measures the average change in prices received by domestic producers for their output.
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 PPI for Non-Durable Consumer Goods provides insight into inflationary pressures and the overall health of the Russian manufacturing sector. It is a key indicator used by policymakers and economists to assess economic conditions.
Methodology
The data is collected through a survey of domestic producers and calculated by Russia's Federal State Statistics Service.
Historical Context
The PPI is closely monitored by the Central Bank of Russia and factored into monetary policy decisions.
Key Facts
- Russia's PPI for Non-Durable Consumer Goods has risen 10.2% over the past year.
- The PPI is a leading indicator of future consumer price inflation.
- Domestic producer prices are a key input for the Central Bank of Russia's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index (PPI) for Non-Durable Consumer Goods in Russia measures the average change in prices received by domestic producers for their output of non-durable consumer goods.
Q: Why is this trend relevant for users or analysts?
A: The PPI for Non-Durable Consumer Goods provides insight into inflationary pressures and the overall health of the Russian manufacturing sector, making it a key indicator used by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through a survey of domestic producers and calculated by Russia's Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: The PPI is closely monitored by the Central Bank of Russia and factored into their monetary policy decisions.
Q: Are there update delays or limitations?
A: The PPI data is published monthly with a typical lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Domestic for Russia (RUSPITGND02GPM), retrieved from FRED.