Consumer Price Index: Health (COICOP 06): Total for Russia
Quarterly
RUSCP060000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
217.67
Year-over-Year Change
18.86%
Date Range
1/1/2004 - 10/1/2021
Summary
The Quarterly trend measures the volume of consumer spending in the U.S. This key economic indicator provides insights into the strength of domestic demand and consumer confidence.
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 Quarterly trend tracks total personal consumption expenditures, a broad measure of consumer spending across durable and non-durable goods as well as services. It is a closely watched metric for understanding household consumption patterns and macroeconomic conditions.
Methodology
This data is collected and reported quarterly by the U.S. Bureau of Economic Analysis.
Historical Context
Consumer spending accounts for over two-thirds of U.S. economic activity, making the Quarterly trend highly relevant for policymakers, analysts, and investors.
Key Facts
- Consumer spending makes up over 68% of U.S. GDP.
- The Quarterly trend has shown steady growth since the 2008 recession.
- Household consumption patterns are a key driver of economic growth.
FAQs
Q: What does this economic trend measure?
A: The Quarterly trend tracks total personal consumption expenditures, which includes household spending on durable goods, non-durable goods, and services.
Q: Why is this trend relevant for users or analysts?
A: Consumer spending is a critical component of economic activity, making the Quarterly trend highly relevant for policymakers, economists, and investors seeking insights into the health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data for the Quarterly trend is collected and reported quarterly by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: The Quarterly trend is closely monitored by the Federal Reserve and other policymakers as an indicator of consumer confidence and domestic demand, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Quarterly trend data is released with a brief lag, typically within a month after the end of each quarter. There are no significant limitations to the coverage or reliability of this economic indicator.
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Citation
U.S. Federal Reserve, Quarterly (RUSCP060000IXNBQ), retrieved from FRED.