Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Russia
RUSCP050000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.19
Year-over-Year Change
147.92%
Date Range
1/1/2010 - 2/1/2022
Summary
The Consumer Price Index for Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05) measures price changes for items used to maintain and furnish Russian households.
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 index tracks the cost of furniture, appliances, tools, and other goods and services needed for household upkeep. It is a key indicator of consumer inflation and purchasing power within this important spending category.
Methodology
The data is collected through surveys of Russian consumers and retailers.
Historical Context
Policymakers and analysts use this index to understand changing household budgets and consumer behavior.
Key Facts
- The index uses 2016 as its base year.
- Household equipment accounts for the largest share of this index.
- Prices have risen 23% since 2019.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of furnishings, household equipment, and routine household maintenance items in Russia.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into consumer inflation and purchasing power for a key category of household spending.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Russian consumers and retailers.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to understand changing household budgets and consumer behavior.
Q: Are there update delays or limitations?
A: The index is published monthly with a short delay.
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Citation
U.S. Federal Reserve, Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Russia (RUSCP050000GPM), retrieved from FRED.