Consumer Price Index: Communication (COICOP 08): Total for Russia
RUSCP080000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.59
Year-over-Year Change
555.56%
Date Range
1/1/2010 - 2/1/2022
Summary
The Consumer Price Index for Communication (COICOP 08) measures changes in the prices paid by Russian consumers for communication services and equipment. This metric is a key indicator of inflationary pressures in the communication sector of 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 Communication CPI tracks the prices of a representative basket of communication-related goods and services, including telephone and internet services, equipment, and supplies. This index is used by policymakers, economists, and analysts to gauge the cost of living and assess the overall health of the Russian consumer market.
Methodology
The data is collected monthly through surveys of Russian households and businesses.
Historical Context
The Communication CPI is an important input for Russian monetary and fiscal policy decisions.
Key Facts
- Communication accounts for around 5% of the Russian CPI basket.
- Prices for communication services have risen faster than overall inflation in recent years.
- The Communication CPI is released monthly, with a 1-2 month lag.
FAQs
Q: What does this economic trend measure?
A: The Communication CPI measures changes in the prices paid by Russian consumers for a basket of communication-related goods and services, including phone, internet, and other communication equipment and services.
Q: Why is this trend relevant for users or analysts?
A: The Communication CPI is an important indicator of inflationary pressures in the Russian consumer market, providing insights into the cost of living and the overall health of the communication sector.
Q: How is this data collected or calculated?
A: The data is collected monthly through surveys of Russian households and businesses.
Q: How is this trend used in economic policy?
A: The Communication CPI is a key input for Russian monetary and fiscal policy decisions, as it helps policymakers assess inflationary pressures and the overall state of the consumer economy.
Q: Are there update delays or limitations?
A: The Communication CPI is released monthly, with a 1-2 month lag in the data.
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Citation
U.S. Federal Reserve, Consumer Price Index: Communication (COICOP 08): Total for Russia (RUSCP080000GPM), retrieved from FRED.