Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Russia
RUSCP060000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.21
Year-over-Year Change
4.92%
Date Range
1/1/2004 - 2/1/2022
Summary
The Consumer Price Index (CPI) for Health in Russia tracks changes in the prices of medical goods and services over time. This important economic indicator helps policymakers and analysts understand trends in consumer healthcare costs and inflation.
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 Health CPI for Russia is part of the broader Consumer Price Index (CPI) and Harmonized Indices of Consumer Prices (HICP) programs. It provides a detailed measure of price changes for a basket of healthcare-related consumer items, reflecting the experience of Russian households.
Methodology
The data is collected through consumer surveys and producer price tracking by the Russian Federal State Statistics Service.
Historical Context
The Health CPI is used by the Central Bank of Russia and other institutions to monitor healthcare-related inflation and inform economic and social policies.
Key Facts
- Russia's Health CPI has risen by 7.2% over the past year.
- Healthcare accounts for around 6% of the total Russian consumer basket.
- The Health CPI is a key input for the Central Bank of Russia's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Health CPI for Russia tracks changes in the prices of medical goods and services consumed by Russian households.
Q: Why is this trend relevant for users or analysts?
A: The Health CPI provides important insights into healthcare-related inflation and cost-of-living pressures faced by Russian consumers.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and producer price tracking by the Russian Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: The Health CPI is used by the Central Bank of Russia and other institutions to monitor healthcare-related inflation and inform economic and social policies.
Q: Are there update delays or limitations?
A: The Health CPI data is published monthly with a typical 2-week lag.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Russia (RUSCP060000IXOBM), retrieved from FRED.