Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Russia
RUSCP010000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
236.02
Year-over-Year Change
13.02%
Date Range
1/1/2004 - 2/1/2022
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Russia measures the change in prices for a basket of food and non-alcoholic beverage items. This key economic indicator is crucial for understanding inflationary pressures and consumer 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 CPI for Food and Non-Alcoholic Beverages represents the prices paid by Russian consumers for a fixed market basket of food and beverage items. This index is a subcomponent of the broader CPI and is widely used by policymakers, economists, and analysts to assess the cost of living and the overall state of the Russian economy.
Methodology
The data is collected through regular price surveys of a representative sample of retail establishments across Russia.
Historical Context
The CPI for Food and Non-Alcoholic Beverages is a critical input for monetary policy decisions and can influence consumer confidence and spending patterns.
Key Facts
- The base year for the CPI for Food and Non-Alcoholic Beverages in Russia is 2016.
- Food and non-alcoholic beverages account for around 38% of the total CPI basket in Russia.
- This index is published monthly by the Federal State Statistics Service of Russia.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Food and Non-Alcoholic Beverages in Russia measures the change in prices for a basket of food and non-alcoholic beverage items purchased by consumers.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial indicator of inflationary pressures and consumer purchasing power in Russia, and is closely monitored by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys of a representative sample of retail establishments across Russia.
Q: How is this trend used in economic policy?
A: The CPI for Food and Non-Alcoholic Beverages is a key input for monetary policy decisions and can influence consumer confidence and spending patterns in Russia.
Q: Are there update delays or limitations?
A: This index is published monthly by the Federal State Statistics Service of Russia, with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Russia (RUSCP010000IXNBM), retrieved from FRED.