Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Russia
RUSCP040500GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.02
Year-over-Year Change
-166.67%
Date Range
1/1/2010 - 2/1/2022
Summary
The Consumer Price Index for Housing, Water, Electricity, Gas and Other Fuels in Russia measures changes in the prices of electricity, gas, and other utility costs. It is a key indicator of Russian consumer inflation and household spending.
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
This series tracks price fluctuations for a basket of electricity, gas, and other household fuel products that are essential for Russian consumers. It is used by policymakers and analysts to assess inflationary pressures and the overall cost of living in the country.
Methodology
The data is collected through regular surveys of Russian households and businesses by the Federal State Statistics Service.
Historical Context
The CPI for utilities is closely monitored by the Central Bank of Russia and other government agencies when setting monetary and fiscal policies.
Key Facts
- Russia's utilities CPI has risen by over 15% in the past year.
- Electricity and natural gas make up nearly 60% of the utilities basket.
- Household utility costs account for over 10% of the average Russian consumer's budget.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Housing, Water, Electricity, Gas and Other Fuels tracks changes in the prices paid by Russian consumers for essential utility services like electricity, gas, and other household fuels.
Q: Why is this trend relevant for users or analysts?
A: This CPI metric is a crucial indicator of inflationary pressures and the overall cost of living for Russian households, which is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of Russian households and businesses by the Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: The utilities CPI is used by the Central Bank of Russia and other government agencies when setting monetary and fiscal policies to address inflation and support household purchasing power.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with minimal delays, providing timely insight into changes in Russian consumer utility costs.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Russia (RUSCP040500GPM), retrieved from FRED.