Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Russia
RUSCP020000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
260.40
Year-over-Year Change
13.74%
Date Range
1/1/2004 - 10/1/2021
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Russia measures changes in the prices of these products over time, providing insight into consumer inflation in this sector.
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 a key economic indicator that tracks price fluctuations in these consumer goods, which are important components of the overall cost of living in Russia. It is used by policymakers, analysts, and businesses to understand inflationary trends.
Methodology
The data is collected through surveys of retail establishments and calculated according to international CPI standards.
Historical Context
This CPI trend is monitored by the Russian government and central bank to inform macroeconomic policy decisions.
Key Facts
- The CPI for Alcoholic Beverages, Tobacco and Narcotics in Russia has a base year of 2016.
- This index is published monthly by the Federal State Statistics Service of Russia.
- Prices of these goods can be influenced by excise taxes, supply chain issues, and consumer demand.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Alcoholic Beverages, Tobacco and Narcotics in Russia measures the changes in retail prices for these consumer products over time.
Q: Why is this trend relevant for users or analysts?
A: This CPI trend provides important insights into inflationary pressures and consumer behavior related to alcohol, tobacco, and narcotics in the Russian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated according to international CPI standards.
Q: How is this trend used in economic policy?
A: The Russian government and central bank monitor this CPI trend to inform macroeconomic policy decisions, such as interest rates and fiscal measures.
Q: Are there update delays or limitations?
A: The CPI for Alcoholic Beverages, Tobacco and Narcotics in Russia is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Russia (RUSCP020000IXNBQ), retrieved from FRED.