Consumer Price Index: All Items: Total for Russia
CPALTT01RUA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.69
Year-over-Year Change
-42.52%
Date Range
1/1/1993 - 1/1/2021
Summary
The Consumer Price Index (CPI) for All Items in Russia measures the overall price changes for a broad basket of consumer goods and services. It is a key indicator of inflation and an important metric 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 All Items in Russia tracks the weighted average change in prices paid by Russian consumers for a representative basket of consumer goods and services. It is a widely used economic indicator that provides insights into the purchasing power of the Russian ruble and the cost of living for households.
Methodology
The data is collected through surveys of Russian consumers and businesses, then aggregated and calculated by the Russian Federal State Statistics Service.
Historical Context
The CPI is closely monitored by the Central Bank of Russia and used to guide monetary policy decisions aimed at maintaining price stability.
Key Facts
- Russia's CPI reached a multi-year high of 17.8% in March 2022.
- Food prices in Russia increased by over 20% year-over-year as of March 2022.
- The Central Bank of Russia has raised interest rates to combat rising inflation.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for All Items in Russia measures the overall change in prices for a basket of consumer goods and services, providing a broad indicator of inflation in the Russian economy.
Q: Why is this trend relevant for users or analysts?
A: The Russian CPI is a crucial metric for understanding the purchasing power of the ruble, the cost of living for households, and the effectiveness of the Central Bank's monetary policy in maintaining price stability.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Russian consumers and businesses, then aggregated and calculated by the Russian Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: The CPI is closely monitored by the Central Bank of Russia and used to guide monetary policy decisions aimed at maintaining price stability and controlling inflation.
Q: Are there update delays or limitations?
A: The CPI data for Russia is typically released on a monthly basis, with a short delay. There may be limitations in capturing certain economic activities due to the size and diversity of the Russian economy.
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: Total for Russia (CPALTT01RUA657N), retrieved from FRED.