Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Russia
RUSCP080000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.46
Year-over-Year Change
5.39%
Date Range
1/1/2004 - 10/1/2021
Summary
The Consumer Price Index (CPI) for Communication in Russia measures the cost of a basket of goods and services related to communication, including telephony, internet, and postal services. This key economic indicator is closely monitored by policymakers to understand inflation trends and the broader cost of living.
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 is a component of the overall Russian Consumer Price Index, which tracks the average change in prices paid by consumers for a representative basket of goods and services. The Communication CPI specifically focuses on the prices of communication-related products and services, providing insights into this important sector of the Russian economy.
Methodology
The Russian Federal State Statistics Service (Rosstat) collects data on prices across the country to calculate the CPI.
Historical Context
The Communication CPI is used by the Central Bank of Russia and other policymakers to assess inflationary pressures and guide monetary policy decisions.
Key Facts
- The Communication CPI is a component of the overall Russian CPI.
- The CPI for Communication in Russia tracks prices of telephony, internet, and postal services.
- The Communication CPI is used by policymakers to assess inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Communication in Russia measures the average change in prices paid by consumers for a basket of communication-related goods and services, including telephony, internet, and postal services.
Q: Why is this trend relevant for users or analysts?
A: The Communication CPI is a key economic indicator that provides insights into inflationary pressures in the communication sector of the Russian economy, which is important for policymakers and analysts assessing the broader cost of living.
Q: How is this data collected or calculated?
A: The Russian Federal State Statistics Service (Rosstat) collects price data across the country to calculate the Communication CPI.
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 assess inflationary pressures and guide monetary policy decisions to maintain price stability.
Q: Are there update delays or limitations?
A: The Communication CPI is published monthly by Rosstat, with some potential for minor delays in data availability.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Russia (RUSCP080000IXOBQ), retrieved from FRED.