Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Russia
RUSCP090000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.18
Year-over-Year Change
10.94%
Date Range
1/1/2004 - 10/1/2021
Summary
The Consumer Price Index (CPI) for Recreation and Culture in Russia measures changes in the prices of goods and services related to recreational activities and cultural experiences. This indicator provides insight into inflationary pressures within the Russian consumer market.
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 Recreation and Culture in Russia is a component of the broader Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. This subcategory focuses specifically on the costs associated with leisure, entertainment, and cultural participation.
Methodology
The data is collected through regular surveys of Russian households and businesses.
Historical Context
Policymakers and analysts use this CPI component to assess overall consumer price trends and inform economic decision-making.
Key Facts
- The base year for the Russia CPI Recreation and Culture index is 2016.
- This CPI component accounts for approximately 6% of the overall Russian consumer basket.
- Prices for recreational activities and cultural experiences have risen by 15% in Russia over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Recreation and Culture in Russia measures changes in the prices of goods and services related to recreational activities and cultural experiences.
Q: Why is this trend relevant for users or analysts?
A: This CPI component provides insight into inflationary pressures within the Russian consumer market, which is useful for policymakers and analysts assessing overall economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of Russian households and businesses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI component to assess overall consumer price trends and inform economic decision-making.
Q: Are there update delays or limitations?
A: The CPI data for Russia is published on a monthly basis with a short delay.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Russia (RUSCP090000IXOBQ), retrieved from FRED.