Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Russia
RUSCP110000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.51
Year-over-Year Change
-26.09%
Date Range
1/1/2010 - 2/1/2022
Summary
The Consumer Price Index: Restaurants and Hotels (COICOP 11) for Russia measures changes in the prices paid by consumers for dining out and lodging services. This key economic indicator provides insights into inflationary pressures in the hospitality sector.
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 COICOP 11 index tracks price fluctuations for a basket of restaurant and hotel services in Russia. Economists and policymakers analyze this data to understand consumer demand, cost-of-living changes, and the broader macroeconomic environment.
Methodology
The Russian Federal State Statistics Service collects price data from a representative sample of businesses to calculate the monthly COICOP 11 index.
Historical Context
The COICOP 11 index is used to inform monetary and fiscal policies that aim to maintain price stability and support the Russian economy.
Key Facts
- The COICOP 11 index has a base year of 2016.
- Restaurants and hotels account for over 4% of the Russian CPI basket.
- Russia's COICOP 11 index reached a record high in 2022.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Restaurants and Hotels (COICOP 11) for Russia measures changes in the prices paid by consumers for dining out and lodging services.
Q: Why is this trend relevant for users or analysts?
A: This index provides key insights into inflationary pressures in the hospitality sector, which is an important part of the Russian economy.
Q: How is this data collected or calculated?
A: The Russian Federal State Statistics Service collects price data from a representative sample of businesses to calculate the monthly COICOP 11 index.
Q: How is this trend used in economic policy?
A: The COICOP 11 index is used to inform monetary and fiscal policies that aim to maintain price stability and support the Russian economy.
Q: Are there update delays or limitations?
A: The COICOP 11 index is published monthly with no significant update delays.
Related Trends
Number of Identified Exporters to Russia from New Jersey
NJRUSA475SCEN
Consumer Price Index: Transport (COICOP 07): Total for Russia
RUSCP070000IXNBM
Nominal Exports of Services for Russia
NXSNSAXDCRUQ
Share Prices: All Shares/Broad: Total for Russia
RUSSPASTT01GYM
Value of Exports to Russia from Idaho
IDRUSA052SCEN
Unemployed Population: Aged 15 and over: Females for Russia
LFUNTTFERUM647N
Citation
U.S. Federal Reserve, Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Russia (RUSCP110000GPM), retrieved from FRED.