Consumer Price Index: Total All Goods Less Food for the Russian Federation
CPGDLF01RUM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
147.19
Year-over-Year Change
15.80%
Date Range
1/1/1992 - 11/1/2015
Summary
The Consumer Price Index (CPI) for Total All Goods Less Food in the Russian Federation measures changes in the prices of a basket of consumer goods and services, excluding food. This key economic indicator is closely watched by policymakers and analysts to assess inflation pressures.
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 Total All Goods Less Food in Russia tracks the price movements of a representative basket of consumer items, excluding food. It is a widely-used gauge of domestic inflation, providing insights into broader price dynamics beyond just food costs.
Methodology
The data is collected through surveys of Russian consumers and businesses, then aggregated and calculated by the Federal State Statistics Service.
Historical Context
This CPI trend is a critical input for Russian monetary and fiscal policy decisions aimed at maintaining price stability.
Key Facts
- Excludes volatile food prices to provide a core measure of inflation.
- Published monthly by the Federal State Statistics Service.
- An important input for the Central Bank of Russia's monetary policy.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Total All Goods Less Food in the Russian Federation measures changes in the prices of a basket of consumer goods and services, excluding food items.
Q: Why is this trend relevant for users or analysts?
A: This CPI trend is a critical indicator of domestic inflation pressures in Russia, helping policymakers and analysts assess the broader price dynamics in the economy beyond just food costs.
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 Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: This CPI trend is a key input for monetary and fiscal policy decisions by the Central Bank of Russia and other government institutions aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The data is published monthly with no significant update delays, providing timely insights into Russia's inflationary environment.
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Citation
U.S. Federal Reserve, Consumer Price Index: Total All Goods Less Food for the Russian Federation (CPGDLF01RUM661N), retrieved from FRED.