Consumer Price Index: Communication (COICOP 08): Total for Russia
RUSCP080000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.08
Year-over-Year Change
5.39%
Date Range
1/1/2004 - 10/1/2021
Summary
The Consumer Price Index (CPI) for Communication in Russia tracks changes in the prices paid by consumers for communication-related goods and services. This metric is a key indicator of inflationary pressures and consumer purchasing power in 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 represents the cost of a basket of communication-related items, including telephone and internet services, postal charges, and equipment. It is an important economic indicator used by policymakers and analysts to assess the overall cost of living and inflationary trends in Russia.
Methodology
The data is collected by Russia's Federal State Statistics Service (Rosstat) through a survey of households and businesses.
Historical Context
The Communication CPI is used to inform monetary policy decisions and provide context for evaluating the Russian consumer market.
Key Facts
- The base year for the Communication CPI is 2012.
- Communication accounts for around 5% of the total CPI basket in Russia.
- The Communication CPI has risen by 25% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Communication CPI measures changes in the prices paid by Russian consumers for telephone, internet, postal, and other communication-related goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Communication CPI is an important indicator of inflationary pressures and consumer purchasing power in the Russian economy, providing insight into a key component of household spending.
Q: How is this data collected or calculated?
A: The data is collected by Russia's Federal State Statistics Service (Rosstat) through a nationwide survey of households and businesses.
Q: How is this trend used in economic policy?
A: The Communication CPI is used by the Central Bank of Russia and other policymakers to inform monetary policy decisions and evaluate the overall state of the Russian consumer market.
Q: Are there update delays or limitations?
A: The Communication CPI data is published monthly with a lag of approximately 2-3 weeks.
Related Trends
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Russia
RUSPROMANMISMEI
Producer Prices Index: Economic Activities: Energy: Total for Russia
RUSPIEAEN01GPM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Russia
RUSCP080000IXOBM
Liquid Liabilities (Broad Money) for Russian Federation
DDOI07RUA648NWDB
Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for Russia
IRSTCB01RUM156N
Monetary Aggregates and Their Components: Broad Money and Components: M3 for Russia
MABMM301RUM189S
Citation
U.S. Federal Reserve, Consumer Price Index: Communication (COICOP 08): Total for Russia (RUSCP080000IXNBQ), retrieved from FRED.