Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Russia
RUSCP100000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.17
Year-over-Year Change
150.96%
Date Range
1/1/2010 - 2/1/2022
Summary
The Consumer Price Index (CPI) for Education in Russia measures the change in prices paid by consumers for educational goods and services. This key economic indicator provides insight into the cost of education and is important for policymakers and economists analyzing Russia's inflationary trends.
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 for Education in Russia tracks the monthly change in prices for various educational products and services, including tuition fees, books, supplies, and other education-related costs. This index is a component of the broader CPI and HICP (Harmonised Index of Consumer Prices) baskets, which are widely used to measure and monitor inflation in the Russian economy.
Methodology
The Russian Federal State Statistics Service (Rosstat) collects price data from a sample of educational institutions and vendors to calculate the Education CPI.
Historical Context
The Education CPI is used by the Central Bank of Russia and other policymakers to assess inflationary pressures and inform monetary policy decisions.
Key Facts
- The Education CPI is a component of the broader Russian CPI and HICP baskets.
- Prices for education goods and services are surveyed monthly by Rosstat.
- The Education CPI is used by the Central Bank of Russia to monitor inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Education in Russia measures the monthly change in prices for various educational goods and services, including tuition fees, books, and other education-related costs.
Q: Why is this trend relevant for users or analysts?
A: The Education CPI provides important insight into the cost of education in Russia, which is a key component of the overall cost of living and a factor considered by policymakers in their analysis of inflationary pressures.
Q: How is this data collected or calculated?
A: The Russian Federal State Statistics Service (Rosstat) collects price data from a sample of educational institutions and vendors to calculate the Education CPI.
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 assess inflationary pressures and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The Education CPI is published monthly by Rosstat, with typical update delays of 1-2 months.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Russia (RUSCP100000GYM), retrieved from FRED.