Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Russia
RUSCP100000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
155.12
Year-over-Year Change
5.17%
Date Range
1/1/2004 - 2/1/2022
Summary
The Consumer Price Index (CPI) for Education in Russia measures the changes in the prices paid by consumers for educational goods and services. This key economic indicator helps policymakers and analysts understand inflationary pressures and household spending patterns.
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 Education in Russia tracks the prices of a representative basket of educational items, including tuition fees, textbooks, school supplies, and other related costs. This index is an important component of the overall CPI, which is used to assess the rate of inflation and guide monetary policy decisions.
Methodology
The data is collected through a survey of households and educational institutions by the Russian Federal State Statistics Service.
Historical Context
The Education CPI is closely monitored by the Central Bank of Russia and other government agencies to evaluate the cost of living and the effectiveness of economic policies.
Key Facts
- The base year for the Education CPI in Russia is 2016.
- Education accounts for approximately 3% of the total CPI basket in Russia.
- The Education CPI has shown higher inflation rates compared to the overall CPI in recent years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Education in Russia measures the changes in the prices paid by consumers for educational goods and services, including tuition fees, textbooks, and school supplies.
Q: Why is this trend relevant for users or analysts?
A: The Education CPI is an important component of the overall CPI, which is used to assess the rate of inflation and guide monetary policy decisions. It helps policymakers and analysts understand inflationary pressures and household spending patterns in the education sector.
Q: How is this data collected or calculated?
A: The data is collected through a survey of households and educational institutions by the Russian Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: The Education CPI is closely monitored by the Central Bank of Russia and other government agencies to evaluate the cost of living and the effectiveness of economic policies.
Q: Are there update delays or limitations?
A: The Education CPI data is published on a monthly basis with a relatively short time lag, providing timely information for policymakers and analysts.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Russia (RUSCP100000IXOBM), retrieved from FRED.