Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Russia
RUSCP010000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.70
Year-over-Year Change
154.87%
Date Range
4/1/2004 - 10/1/2021
Summary
The Consumer Price Index for Food and Non-Alcoholic Beverages (COICOP 01) measures changes in the prices of food and non-alcoholic beverages purchased by Russian consumers. This key economic indicator is crucial for understanding inflationary pressures and household purchasing power.
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 COICOP 01 index is a subcomponent of the broader Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. The Food and Non-Alcoholic Beverages index specifically focuses on this essential spending category, providing insights into a key driver of consumer inflation.
Methodology
The data is collected by Russia's Federal State Statistics Service through regular price surveys of a representative sample of retail outlets.
Historical Context
Policymakers and analysts monitor this index closely to assess the state of the Russian economy and guide monetary and fiscal policy decisions.
Key Facts
- The Food and Non-Alcoholic Beverages index accounts for over 35% of the Russian CPI basket.
- Prices in this category have risen by an average of 8.2% annually over the past 5 years.
- Volatility in food and energy prices is a key driver of overall inflation in Russia.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Food and Non-Alcoholic Beverages (COICOP 01) measures changes in the prices of food and non-alcoholic beverage products purchased by Russian consumers.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial indicator of inflationary pressures and household purchasing power in Russia. It provides insights into a key driver of overall consumer price inflation.
Q: How is this data collected or calculated?
A: The data is collected by Russia's Federal State Statistics Service through regular price surveys of a representative sample of retail outlets.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this index closely to assess the state of the Russian economy and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Russia (RUSCP010000GPQ), retrieved from FRED.