Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Russia
CPALTT01RUA659N • 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 Russia measures the changes in the prices of a basket of consumer goods and services over time. It is a key indicator of inflation and helps policymakers and analysts assess the cost of living and purchasing power in 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 CPI for Russia is a monthly economic indicator that tracks the average change in prices paid by consumers for a representative basket of goods and services. It is a widely used measure of inflation and an important tool for economic analysis and policymaking.
Methodology
The Russian CPI is calculated by the Federal State Statistics Service (Rosstat) based on a survey of prices for a fixed basket of consumer goods and services.
Historical Context
The CPI is closely monitored by the Central Bank of Russia and other policymakers to inform monetary policy decisions and assess the overall health of the Russian economy.
Key Facts
- The CPI for Russia has a base year of 2016.
- Russia's CPI reached a high of 17.8% in March 2022 due to the economic impact of the Ukraine conflict.
- The CPI is one of the most closely watched economic indicators in Russia.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Russia measures the changes in the prices of a basket of consumer goods and services over time, providing a broad measure of inflation in the Russian economy.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a crucial indicator for assessing the cost of living, purchasing power, and overall economic conditions in Russia. It is closely monitored by policymakers, businesses, and consumers to inform decision-making.
Q: How is this data collected or calculated?
A: The Russian CPI is calculated by the Federal State Statistics Service (Rosstat) based on a survey of prices for a fixed basket of consumer goods and services.
Q: How is this trend used in economic policy?
A: The CPI is a key input for the Central Bank of Russia's monetary policy decisions, as it helps them assess the rate of inflation and adjust interest rates accordingly to maintain price stability and support economic growth.
Q: Are there update delays or limitations?
A: The Russian CPI data is typically published on a monthly basis with a short delay, providing timely information on changes in consumer prices. However, the data may be subject to revisions and can be influenced by factors such as exchange rate fluctuations and geopolitical events.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Russia (CPALTT01RUA659N), retrieved from FRED.