Consumer Price Index: Recreation and Culture (COICOP 09): Total for Russia
Quarterly
RUSCP090000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
188.74
Year-over-Year Change
10.94%
Date Range
1/1/2004 - 10/1/2021
Summary
The Quarterly trend measures the quarterly percentage change in the U.S. Consumer Price Index (CPI), a key indicator of inflation and price stability.
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 Quarterly trend tracks the quarterly percent change in the CPI, which is the most widely used measure of consumer inflation. It is closely monitored by the Federal Reserve and policymakers as a gauge of price pressures and overall economic conditions.
Methodology
The CPI data is collected by the U.S. Bureau of Labor Statistics through surveys of consumer expenditures.
Historical Context
The Quarterly CPI change is a crucial input for Federal Reserve monetary policy decisions.
Key Facts
- The CPI is based on a market basket of consumer goods and services.
- The Federal Reserve targets 2% annual inflation to promote price stability.
- Quarterly CPI data is released by the Bureau of Labor Statistics each month.
FAQs
Q: What does this economic trend measure?
A: The Quarterly trend measures the quarterly percentage change in the U.S. Consumer Price Index (CPI), which is the most widely used gauge of consumer inflation.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly CPI change is a crucial indicator for the Federal Reserve and policymakers in assessing price pressures and making monetary policy decisions.
Q: How is this data collected or calculated?
A: The CPI data is collected by the U.S. Bureau of Labor Statistics through surveys of consumer expenditures.
Q: How is this trend used in economic policy?
A: The Quarterly CPI change is a key input for the Federal Reserve's monetary policy decisions, as the central bank aims to maintain price stability around its 2% inflation target.
Q: Are there update delays or limitations?
A: The Quarterly CPI data is released by the Bureau of Labor Statistics on a monthly basis, providing timely information on consumer price trends.
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Citation
U.S. Federal Reserve, Quarterly (RUSCP090000IXNBQ), retrieved from FRED.