Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Russia
RUSCP010000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
145.95
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 of food and non-alcoholic drink items purchased by consumers. This key economic indicator provides insight into household spending and inflationary 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 Food and Non-Alcoholic Beverages in Russia is a component of the broader Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. This subindex specifically focuses on food and non-alcoholic beverage prices, offering a granular view of a significant portion of household expenditures.
Methodology
The data is collected through surveys of retail establishments and households by Russia's Federal State Statistics Service.
Historical Context
Policymakers and analysts monitor this CPI subindex to assess cost-of-living changes and inflationary trends that may inform monetary and fiscal policies.
Key Facts
- Russia's CPI for Food and Non-Alcoholic Beverages has a base year of 2010.
- This subindex accounts for approximately 38% of the overall Russian CPI basket.
- Food and non-alcoholic beverage prices are a key driver of consumer inflation in Russia.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Russia measures the change in prices of food and non-alcoholic drink items purchased by consumers.
Q: Why is this trend relevant for users or analysts?
A: This CPI subindex provides insight into a significant portion of household spending and inflationary pressures, making it a key indicator for policymakers and analysts monitoring the Russian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and households by Russia's Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this CPI subindex to assess cost-of-living changes and inflationary trends that may inform monetary and fiscal policies in Russia.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-week delay, and may be subject to revisions based on updated source information.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Russia (RUSCP010000IXOBM), retrieved from FRED.