Consumer Price Index: Recreation and Culture (COICOP 09): Total for Russia
Monthly
RUSCP090000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.75
Year-over-Year Change
212.50%
Date Range
1/1/2010 - 2/1/2022
Summary
The Monthly Consumer Price Index (CPI) measures the change in prices paid by consumers for a basket of goods and services. It is a key indicator of inflation and a crucial tool for policymakers and economists to assess the state of the 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 Monthly CPI tracks the prices of a representative sample of consumer goods and services, including food, housing, transportation, and medical care. It is used to adjust social security payments, wages, and other payments to maintain purchasing power and monitor the effectiveness of monetary and fiscal policies.
Methodology
The U.S. Bureau of Labor Statistics collects price data from households and businesses to calculate the CPI.
Historical Context
The Federal Reserve closely monitors the CPI to inform its monetary policy decisions.
Key Facts
- The CPI is published monthly by the U.S. Bureau of Labor Statistics.
- The CPI basket of goods and services is reviewed and updated every two years.
- The CPI is a widely used measure of the cost of living in the United States.
FAQs
Q: What does this economic trend measure?
A: The Monthly Consumer Price Index (CPI) measures the change in prices paid by consumers for a basket of goods and services, providing a key indicator of inflation.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a crucial tool for policymakers, economists, and consumers to assess the state of the economy and the purchasing power of the dollar.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects price data from households and businesses to calculate the CPI.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors the CPI to inform its monetary policy decisions, as it is a key indicator of inflation and the overall economic conditions.
Q: Are there update delays or limitations?
A: The CPI is published monthly by the U.S. Bureau of Labor Statistics, with a typical release schedule of around the 12th of each month.
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Citation
U.S. Federal Reserve, Monthly Consumer Price Index (RUSCP090000GPM), retrieved from FRED.