Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Russia
RUSCP040500GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.36
Year-over-Year Change
123.07%
Date Range
4/1/2004 - 10/1/2021
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 fuel costs for households. This key economic indicator provides insights into inflationary pressures and consumer 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
This series represents the price index for the 'Electricity, Gas and Other Fuels' component of the Housing, Water, Electricity, Gas and Other Fuels category in the Russian Consumer Price Index. It is used by policymakers, analysts, and consumers to understand trends in the cost of basic household utilities.
Methodology
The data is collected through a nationwide survey of retail prices reported by the Russian Federal State Statistics Service.
Historical Context
This index is closely monitored by the Central Bank of Russia and factored into monetary policy decisions.
Key Facts
- Russia's electricity, gas, and fuel prices make up over 4% of the overall consumer price index.
- Utility costs have risen by an average of 6.2% annually in Russia over the past 5 years.
- Residential electricity tariffs are regulated by the government in Russia.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of electricity, natural gas, and other household fuels in Russia. It is a component of the broader Consumer Price Index for the Housing, Water, Electricity, Gas, and Other Fuels category.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflationary pressures and the cost of living for Russian households, as utilities and energy make up a significant portion of consumer expenditures.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of retail prices reported by the Russian Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: The Central Bank of Russia closely monitors this index and factors it into its monetary policy decisions, as utility costs are a key driver of overall inflation in the country.
Q: Are there update delays or limitations?
A: The index is published monthly with a lag of approximately two weeks, providing timely information on utility price trends.
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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 (RUSCP040500GPQ), retrieved from FRED.