Consumer Price Index: Health (COICOP 06): Total for Russia
RUSCP060000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
220.98
Year-over-Year Change
4.92%
Date Range
1/1/2004 - 2/1/2022
Summary
The Consumer Price Index: Health (COICOP 06): Total for Russia measures changes in the prices paid by Russian consumers for a basket of healthcare goods and services. This metric is a key indicator of inflationary pressures and household purchasing power 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 Consumer Price Index (CPI) is a widely-used measure of consumer inflation, tracking changes in the prices of a representative basket of consumer goods and services. The CPI: Health (COICOP 06) specifically focuses on healthcare-related expenditures, providing insight into cost-of-living trends for Russian households.
Methodology
This index is calculated by Russia's Federal State Statistics Service based on a survey of retail prices.
Historical Context
The CPI: Health is closely monitored by policymakers, central banks, and market analysts to assess the overall rate of inflation and inform economic and monetary policy decisions.
Key Facts
- The CPI: Health index is a subcomponent of the broader Russian Consumer Price Index.
- Healthcare costs comprise approximately 6% of the total Russian consumer expenditure basket.
- Russian healthcare inflation has generally outpaced the overall rate of consumer price inflation in recent years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Health (COICOP 06): Total for Russia measures changes in the prices paid by Russian consumers for a basket of healthcare goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into cost-of-living trends and inflationary pressures specifically related to healthcare expenditures, which is of keen interest to policymakers, central banks, and market participants.
Q: How is this data collected or calculated?
A: The index is calculated by Russia's Federal State Statistics Service based on a survey of retail prices.
Q: How is this trend used in economic policy?
A: The CPI: Health is closely monitored to assess overall inflation and inform economic and monetary policy decisions in Russia.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal State Statistics Service, though there may be occasional delays or revisions to the historical series.
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Citation
U.S. Federal Reserve, Consumer Price Index: Health (COICOP 06): Total for Russia (RUSCP060000IXNBM), retrieved from FRED.