Consumer Price Index: Education (COICOP 10): Total for Russia
RUSCP100000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.19
Year-over-Year Change
-48.61%
Date Range
4/1/2004 - 10/1/2021
Summary
The Consumer Price Index: Education (COICOP 10): Total for Russia measures the changes in the prices of education goods and services in Russia. This key economic indicator is closely watched by policymakers and analysts to gauge inflationary pressures.
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 Consumer Price Index: Education (COICOP 10): Total for Russia tracks the changes in the prices paid by Russian consumers for a basket of education-related goods and services. This index is part of the broader Consumer Price Index, which is a primary measure of inflation in the Russian economy.
Methodology
The data is collected through surveys of prices from a representative sample of retail and service establishments in Russia.
Historical Context
The education component of the CPI is used by the Central Bank of Russia and other policymakers to monitor price stability and guide monetary policy decisions.
Key Facts
- The education component makes up about 2% of the total Russian CPI basket.
- Prices for education goods and services have risen faster than the overall CPI in recent years.
- The education CPI is a key input into the Central Bank of Russia's inflation targeting framework.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Education (COICOP 10): Total for Russia measures the changes in the prices paid by Russian consumers for a basket of education-related goods and services.
Q: Why is this trend relevant for users or analysts?
A: The education component of the CPI is a closely watched indicator that provides insights into inflationary pressures within the Russian education sector, which is relevant for policymakers, households, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices from a representative sample of retail and service establishments in Russia.
Q: How is this trend used in economic policy?
A: The education CPI is used by the Central Bank of Russia and other policymakers to monitor price stability and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Consumer Price Index: Education (COICOP 10): Total for Russia (RUSCP100000GPQ), retrieved from FRED.