Producer Prices Index: Economic Activities: Manufacturing: Domestic for Russia
RUSPPDMMINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
161.56
Year-over-Year Change
22.81%
Date Range
1/1/1998 - 1/1/2022
Summary
The Producer Prices Index: Economic Activities: Manufacturing: Domestic for Russia measures changes in the prices received by domestic manufacturers in Russia. This metric is a key indicator of inflationary pressures and production costs within the Russian economy.
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 Producer Prices Index (PPI) tracks the average change in selling prices received by domestic producers across various economic sectors. The manufacturing PPI specifically focuses on price trends for goods produced and sold within Russia, providing insights into domestic production costs and supply-side inflation.
Methodology
The data is collected through monthly surveys of domestic manufacturing firms in Russia.
Historical Context
The Russian PPI is closely monitored by policymakers, economists, and investors to assess the health of the country's industrial sector and broader economic conditions.
Key Facts
- The manufacturing PPI is a monthly index with a base year of 2015.
- Russia's PPI reached a record high of 123.3 in March 2022 amid supply chain disruptions and rising energy costs.
- Trends in the PPI often precede changes in consumer prices, making it a leading indicator of inflation.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Economic Activities: Manufacturing: Domestic for Russia measures changes in the average selling prices received by domestic manufacturers in Russia.
Q: Why is this trend relevant for users or analysts?
A: The Russian manufacturing PPI is a crucial indicator of inflationary pressures, production costs, and the overall health of the country's industrial sector, providing valuable insights for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of domestic manufacturing firms in Russia.
Q: How is this trend used in economic policy?
A: The Russian PPI is closely monitored by policymakers to assess inflationary risks and guide monetary and fiscal policy decisions aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The PPI data is released on a monthly basis, with a typical lag of several weeks between the reference period and the publication date.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Manufacturing: Domestic for Russia (RUSPPDMMINMEI), retrieved from FRED.