Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Russia
RUSCP030000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.23
Year-over-Year Change
130.00%
Date Range
1/1/2010 - 2/1/2022
Summary
The Consumer Price Index for Clothing and Footwear (COICOP 03) measures changes in the prices of apparel and footwear in Russia. It is a key indicator of consumer inflation and 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 Clothing and Footwear CPI tracks the cost of a representative basket of clothing and shoe items purchased by Russian consumers. It is a subcomponent of the broader Consumer Price Index and helps assess changes in the cost of living.
Methodology
The data is collected through surveys of retail establishments and calculated using a Laspeyres price index formula.
Historical Context
Policymakers and analysts use this index to monitor inflationary pressures and inform economic and monetary policy decisions.
Key Facts
- The base year for the index is 2016 = 100.
- Clothing and footwear account for approximately 5% of the Russian CPI basket.
- The index is released monthly by the Russian Federal State Statistics Service.
FAQs
Q: What does this economic trend measure?
A: The Clothing and Footwear CPI measures changes in the prices of apparel, shoes, and related items purchased by Russian consumers.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of consumer inflation and can provide insights into purchasing power and the cost of living in Russia.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated using a Laspeyres price index formula.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor inflationary pressures and inform economic and monetary policy decisions in Russia.
Q: Are there update delays or limitations?
A: The index is released monthly with a relatively short lag, making it a timely indicator of price changes in the clothing and footwear sector.
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Citation
U.S. Federal Reserve, Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Russia (RUSCP030000GPM), retrieved from FRED.