Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Russia
RUSCP080000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.28
Year-over-Year Change
94.93%
Date Range
1/1/2010 - 2/1/2022
Summary
The Consumer Price Index (CPI) for Communication in Russia measures the price changes of communication-related goods and services in the country. This trend is a key indicator of inflation and consumer 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 CPI for Communication in Russia tracks the monthly changes in the prices paid by Russian consumers for communication-related products and services, such as telephone, internet, and postal services. It is a subcomponent of the overall Russian CPI and is an important metric for assessing the cost of living and inflationary pressures in the Russian economy.
Methodology
The Russian Federal State Statistics Service collects price data from a sample of retailers and service providers to calculate the CPI for Communication.
Historical Context
Policymakers and central banks use the CPI for Communication, along with other CPI subindices, to guide monetary and fiscal policies aimed at maintaining price stability.
Key Facts
- The CPI for Communication has a weight of 4.58% in the overall Russian CPI basket.
- Communication costs make up a significant portion of household budgets in Russia.
- The CPI for Communication is released monthly by the Russian Federal State Statistics Service.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Communication in Russia measures the monthly changes in the prices paid by Russian consumers for communication-related goods and services, such as telephone, internet, and postal services.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Communication is a key indicator of inflationary pressures and consumer purchasing power in Russia, and is closely monitored by policymakers, central banks, and market analysts.
Q: How is this data collected or calculated?
A: The Russian Federal State Statistics Service collects price data from a sample of retailers and service providers to calculate the CPI for Communication.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use the CPI for Communication, along with other CPI subindices, to guide monetary and fiscal policies aimed at maintaining price stability in the Russian economy.
Q: Are there update delays or limitations?
A: The CPI for Communication is released monthly by the Russian Federal State Statistics Service, with no significant update delays or limitations.
Related Trends
Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Russian Federation
RUSFCACNUM
Life Insurance Premium Volume to GDP for Russian Federation
DDDI09RUA156NWDB
Value of Exports to Russia from Virginia
VARUSA052SCEN
Nominal Private Sector, Changes in Inventories for Russia
NINVPNSAXDCRUQ
Real Imports of Goods for Russia
NMGRNSAXDCRUQ
Value of Exports to Russia from Texas
TXRUSA052SCEN
Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Russia (RUSCP080000GYM), retrieved from FRED.