Consumer Price Index: Education (COICOP 10): Total for Russia
Index source base
RUSCP100000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
236.90
Year-over-Year Change
5.17%
Date Range
1/1/2004 - 2/1/2022
Summary
The Index Source Base tracks the reference point used to calculate a price index, which is critical for interpreting and comparing economic data over time.
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 Index Source Base represents the reference year or period used as the base value of 100 for a price index. This allows for meaningful analysis of price changes and inflationary trends by economists and policymakers.
Methodology
The Index Source Base is calculated based on the base year specified for a given price index.
Historical Context
This metric is widely used to provide context for interpreting changes in consumer prices, producer prices, and other economic indicators.
Key Facts
- The Index Source Base is typically reset every 5-10 years.
- A change in the base year can affect the perceived magnitude of price changes.
- Adjusting for the base year is crucial for accurate historical comparisons.
FAQs
Q: What does this economic trend measure?
A: The Index Source Base represents the reference point used to calculate a price index, allowing for meaningful analysis of price changes over time.
Q: Why is this trend relevant for users or analysts?
A: The Index Source Base is critical for interpreting and comparing economic data, as it provides the necessary context for understanding inflationary trends and price movements.
Q: How is this data collected or calculated?
A: The Index Source Base is calculated based on the base year specified for a given price index.
Q: How is this trend used in economic policy?
A: The Index Source Base is widely used by economists, policymakers, and market analysts to provide context for interpreting changes in consumer prices, producer prices, and other key economic indicators.
Q: Are there update delays or limitations?
A: The Index Source Base is typically reset every 5-10 years, and changes in the base year can affect the perceived magnitude of price changes.
Related Trends
Real Non-profit Institutions Serving Households (NPISHs) Final Consumption Expenditure for Russia
NCPHNRNSAXDCRUQ
Use of Financial Services, Liabilities: Outstanding Deposits at Non-deposit Taking Microfinance Institutions (MFIs) for Russian Federation
RUSFCLOFMFXDC
Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Russian Federation
RUSFCLODCGGDPPT
Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Russia
RUSCP120000IXNBM
Producer Prices Index: Economic Activities: Manufacture of Food Products: Domestic for Russia
RUSPIEAFD02GPM
International Trade: Exports: Value (Goods): Total for Russia
XTEXVA01RUQ188S
Citation
U.S. Federal Reserve, Index Source Base (RUSCP100000IXNBM), retrieved from FRED.