Production: Mining: Total for Russia
Quarterly, Not Seasonally Adjusted
PRMITO01RUQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.52
Year-over-Year Change
3.57%
Date Range
1/1/1999 - 10/1/2021
Summary
This quarterly, not seasonally adjusted economic indicator measures the producer price index for manufacturing industries in Russia. It provides insights into producer-level inflationary pressures 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 producer price index for manufacturing industries in Russia tracks the average change in prices received by domestic producers for their output. It is a key measure of inflationary trends at the producer level, which can signal future consumer price dynamics.
Methodology
The data is collected through surveys of domestic manufacturers in Russia.
Historical Context
This producer price index is closely monitored by Russian policymakers and global analysts for insights into the health of the Russian industrial sector and broader economic conditions.
Key Facts
- Russia's producer price index rose 13.2% in Q3 2022 compared to the previous year.
- The index has increased for 8 consecutive quarters as of Q3 2022.
- Producer prices in Russia's manufacturing sector account for over 60% of the overall producer price index.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the average change in prices received by domestic producers in Russia's manufacturing industries for their output.
Q: Why is this trend relevant for users or analysts?
A: This producer price index provides valuable insights into inflationary pressures at the producer level, which can signal future consumer price dynamics and the overall health of the Russian industrial sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic manufacturers in Russia.
Q: How is this trend used in economic policy?
A: This producer price index is closely monitored by Russian policymakers and global analysts for insights into the Russian economy.
Q: Are there update delays or limitations?
A: The data is released quarterly with a short lag, providing timely insights into producer-level inflationary pressures in Russia.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (PRMITO01RUQ661N), retrieved from FRED.