Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Russia
RUSCP070000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
146.30
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 changes in the prices paid by consumers for a basket of transportation goods and services. This key economic indicator provides insights into Russian inflation and consumer spending patterns.
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 CPI for Transport in Russia is a subcomponent of the overall Consumer Price Index, which tracks the average change in prices paid by consumers for a comprehensive basket of goods and services. The Transport CPI specifically monitors price fluctuations in items like vehicle purchases, fuel, public transportation, and other mobility-related costs.
Methodology
The data is collected through surveys of Russian households and businesses by the Federal State Statistics Service.
Historical Context
Policymakers and analysts use the Transport CPI to assess inflationary pressures and consumer behavior within the broader Russian economy.
Key Facts
- Transport accounts for approximately 14.5% of the Russian CPI basket.
- The Transport CPI reached a peak of 1,190.29 in January 2023.
- Fuel and vehicle costs are the largest components of the Russian Transport CPI.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Transport in Russia measures changes in the prices paid by consumers for a basket of transportation goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Transport CPI provides valuable insights into inflationary pressures and consumer spending patterns within the Russian economy, which is important for policymakers and market analysts.
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: Policymakers and analysts use the Transport CPI to assess inflationary pressures and consumer behavior within the broader Russian economy.
Q: Are there update delays or limitations?
A: The Transport CPI data is published monthly by the Federal State Statistics Service, with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Russia (RUSCP070000IXOBM), retrieved from FRED.