Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Russia
RUSCP020000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.76
Year-over-Year Change
78.56%
Date Range
1/1/2005 - 10/1/2021
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Russia measures changes in the prices paid by consumers for this basket of goods and services. It is a key indicator of inflation and consumer spending patterns 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 CPI for Alcoholic Beverages, Tobacco and Narcotics is one of the disaggregated indices that make up the overall Russian Consumer Price Index. It tracks the monthly price changes for this category of consumer items, providing valuable insights into inflationary trends and consumer behavior.
Methodology
The data is collected through a nationwide survey of prices paid by Russian households for a representative basket of goods and services.
Historical Context
This CPI index is closely monitored by policymakers, economists, and investors to assess the state of the Russian economy and consumer market.
Key Facts
- The CPI for Alcoholic Beverages, Tobacco and Narcotics accounts for about 5% of the overall Russian Consumer Price Index.
- Prices in this category have risen by an average of 8% annually over the past 5 years.
- Alcohol and tobacco products make up the largest share of consumer spending in this CPI component.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Russia measures the monthly changes in the prices paid by consumers for this basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: This CPI index provides valuable insights into inflationary pressures and consumer spending patterns in the Russian economy, which is crucial information for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of prices paid by Russian households for a representative basket of goods and services.
Q: How is this trend used in economic policy?
A: The CPI for Alcoholic Beverages, Tobacco and Narcotics is closely monitored by the Russian government and central bank to assess inflationary pressures and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The CPI data is published monthly by the Russian Federal State Statistics Service, with a typical 2-3 week delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Russia (RUSCP020000GYQ), retrieved from FRED.