Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Russia
RUSCP110000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.56
Year-over-Year Change
106.66%
Date Range
1/1/2010 - 2/1/2022
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels in Russia tracks changes in the prices paid by consumers for dining out and hotel services. This key economic indicator helps policymakers and analysts understand inflationary pressures and consumer 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 Restaurants and Hotels CPI is a component of the broader Consumer Price Index for Russia, which measures the average change in prices paid by consumers for a basket of goods and services. This sector-specific index provides insights into price trends in the hospitality industry, an important driver of consumer expenditure and economic activity.
Methodology
The data is collected through regular surveys of prices across a representative sample of businesses and service providers.
Historical Context
The Restaurants and Hotels CPI is used by the Russian Central Bank and other policymakers to monitor inflation and guide monetary policy decisions.
Key Facts
- The Restaurants and Hotels CPI has a weight of 5.71% in the overall Russian CPI basket.
- Prices in this sector have risen by an average of 4.2% annually over the past 5 years.
- The Restaurants and Hotels CPI is published monthly by the Russian Federal State Statistics Service.
FAQs
Q: What does this economic trend measure?
A: The Restaurants and Hotels CPI measures the changes in prices paid by Russian consumers for dining out and hotel accommodations.
Q: Why is this trend relevant for users or analysts?
A: This sector-specific CPI provides important insights into inflationary pressures and consumer spending patterns in the hospitality industry, which is a key driver of economic activity.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys of a representative sample of businesses and service providers.
Q: How is this trend used in economic policy?
A: The Restaurants and Hotels CPI is used by the Russian Central Bank and other policymakers to monitor inflation and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The Restaurants and Hotels CPI is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Russia (RUSCP110000GYM), retrieved from FRED.