Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Russia
RUSCP020000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
264.68
Year-over-Year Change
6.00%
Date Range
1/1/2004 - 2/1/2022
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Russia measures the changes in prices for these consumer goods and services. This key economic indicator is crucial for understanding inflationary trends and consumer spending patterns.
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 in Russia is a subcomponent of the overall CPI, which tracks the weighted average change in prices paid by consumers for a basket of goods and services. This specific CPI is an important metric for policymakers and analysts to gauge consumer behavior and the impact of taxation or regulations in these product categories.
Methodology
The data is collected through regular price surveys of a representative sample of retail establishments and service providers across Russia.
Historical Context
The CPI for Alcoholic Beverages, Tobacco and Narcotics is used by the Central Bank of Russia and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The CPI for Alcoholic Beverages, Tobacco and Narcotics has a base year of 2016.
- This CPI subindex accounts for approximately 5% of the overall Russian CPI basket.
- Russia has seen steady increases in the CPI for this category over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Russia measures the changes in prices for these consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: This CPI subindex is an important metric for understanding inflationary pressures and consumer spending patterns in Russia, particularly in these regulated product categories.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys of a representative sample of retail establishments and service providers across Russia.
Q: How is this trend used in economic policy?
A: The CPI for Alcoholic Beverages, Tobacco and Narcotics is used by the Central Bank of Russia and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The CPI data is published on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Russia (RUSCP020000IXNBM), retrieved from FRED.