Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Russia
RUSCP050000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
193.60
Year-over-Year Change
9.42%
Date Range
1/1/2004 - 2/1/2022
Summary
The Consumer Price Index for Furnishings, Household Equipment and Routine Household Maintenance measures changes in the prices paid by Russian consumers for a basket of goods and services related to the upkeep and furnishing of their homes.
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 economic indicator provides insights into inflationary pressures and consumer spending patterns in the household goods and maintenance sector of the Russian economy. It is widely used by policymakers, economists, and market analysts to assess the broader cost-of-living trends.
Methodology
The data is collected through surveys of Russian households and businesses by the Federal State Statistics Service.
Historical Context
Trends in this index are closely monitored for their implications on monetary and fiscal policy decisions.
Key Facts
- The base year for this index is 2016 = 100.
- Furnishings and household equipment account for around 5% of the Russian CPI basket.
- The index reached a high of 517.03 in December 2022.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices paid by Russian consumers for a basket of goods and services related to furnishings, household equipment, and routine household maintenance.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into inflationary pressures and consumer spending patterns in the household goods and maintenance sector, which is important for assessing the broader cost-of-living trends in Russia.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Russian households and businesses by the Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: Trends in this index are closely monitored by policymakers, economists, and market analysts for their implications on monetary and fiscal policy decisions in Russia.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical release lag of around 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Russia (RUSCP050000IXNBM), retrieved from FRED.