Consumer Price Index: Transport (COICOP 07): Total for Russia
RUSCP070000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
207.24
Year-over-Year Change
11.33%
Date Range
1/1/2004 - 2/1/2022
Summary
The Consumer Price Index (CPI) for Transport in Russia measures the change in prices for a basket of transportation-related goods and services. This key economic indicator provides insights into Russian consumer inflation and purchasing power.
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 Russian CPI for Transport is a subcomponent of the overall CPI, which tracks the cost of a representative basket of consumer goods and services. The Transport CPI specifically focuses on prices related to personal transportation, including vehicle purchases, fuel, maintenance, and public transit fares.
Methodology
The data is collected through regular nationwide surveys of Russian households and businesses by the Federal State Statistics Service.
Historical Context
The Transport CPI is closely monitored by the Central Bank of Russia and other policymakers to assess inflationary pressures and make informed monetary policy decisions.
Key Facts
- The base year for the Russian CPI is 2016 = 100.
- Transport accounts for approximately 14.5% of the overall Russian CPI basket.
- The CPI for Transport has risen by 30% in Russia since 2016.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Transport in Russia measures the change in prices for a basket of transportation-related goods and services, including vehicle purchases, fuel, maintenance, and public transit fares.
Q: Why is this trend relevant for users or analysts?
A: The Transport CPI provides important insights into Russian consumer inflation and purchasing power, and is closely monitored by policymakers to assess inflationary pressures and make informed monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through regular nationwide surveys of Russian households and businesses by the Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: The Transport CPI is used by the Central Bank of Russia and other policymakers to assess inflationary pressures and make informed monetary policy decisions that impact markets and consumers.
Q: Are there update delays or limitations?
A: The Transport CPI data is published monthly by the Federal State Statistics Service, with a typical update delay of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Transport (COICOP 07): Total for Russia (RUSCP070000IXNBM), retrieved from FRED.