Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Russia
RUSCP030000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.96
Year-over-Year Change
6.74%
Date Range
1/1/2004 - 10/1/2021
Summary
The Consumer Price Index (CPI) for Clothing and Footwear in Russia measures the inflation rate in this consumer expenditure category. It is a key indicator of overall price changes 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 Clothing and Footwear CPI is a subcomponent of the broader Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. This data provides insight into inflationary pressures and consumer purchasing power within the apparel and footwear sector.
Methodology
The data is collected through surveys of retail establishments and calculated using a modified Laspeyres formula.
Historical Context
Policymakers and analysts use this metric to assess consumer demand, guide monetary policy, and understand changes in Russian household spending.
Key Facts
- The CPI Clothing and Footwear index has a base year of 2015 = 100.
- Russia's apparel and footwear CPI reached a high of 167.31 in December 2022.
- This CPI component accounts for around 5% of the total Russian consumer price index basket.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Clothing and Footwear in Russia measures the inflation rate for a basket of apparel and footwear items purchased by consumers.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into inflationary pressures and consumer purchasing power within the Russian apparel and footwear sector, which is an important component of overall household spending.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated using a modified Laspeyres formula.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess consumer demand, guide monetary policy, and understand changes in Russian household spending patterns.
Q: Are there update delays or limitations?
A: The CPI Clothing and Footwear data for Russia is published monthly with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Russia (RUSCP030000IXOBQ), retrieved from FRED.