Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Russia
Growth rate same period previous year
CPALTT01RUM659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.70
Year-over-Year Change
188.80%
Date Range
1/1/1993 - 3/1/2022
Summary
The 'Growth rate same period previous year' metric measures the year-over-year change in consumer prices, a key indicator of inflation 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
This metric represents the annual percentage change in the Russian Consumer Price Index (CPI), a measure of the average change in prices paid by consumers for a basket of goods and services. It is a widely-used economic indicator that informs monetary policy and market analysis.
Methodology
The data is collected through a national survey of consumer purchases and prices.
Historical Context
Policymakers and economists monitor this inflation gauge to assess the health of the Russian economy and guide decisions on interest rates and other macroeconomic policies.
Key Facts
- The CPI is Russia's primary inflation gauge.
- Inflation trends impact interest rate decisions.
- This metric is released monthly by the Russian Federal State Statistics Service.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year change in the Russian Consumer Price Index (CPI), which tracks the average change in prices paid by consumers for a basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: Inflation is a key indicator of the health of the Russian economy, and this CPI growth rate metric is closely monitored by policymakers, economists, and investors to inform decisions on interest rates, consumer spending, and other macroeconomic policies.
Q: How is this data collected or calculated?
A: The data is collected through a national survey of consumer purchases and prices conducted by the Russian Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: Central banks and policymakers use this inflation gauge to assess price pressures and guide monetary policy decisions, such as setting interest rates, to maintain price stability and support sustainable economic growth.
Q: Are there update delays or limitations?
A: This CPI growth rate metric is released monthly by the Russian Federal State Statistics Service, with a typical 2-week lag from the end of the reporting period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (CPALTT01RUM659N), retrieved from FRED.