Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Russia
Monthly
RUSCP110000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.89
Year-over-Year Change
7.56%
Date Range
1/1/2004 - 2/1/2022
Summary
The Monthly Consumer Price Index (CPI) measures changes in the prices paid by urban consumers for a basket of consumer goods and services. This key economic indicator is closely watched by policymakers, economists, and the public for insights into inflation 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 Monthly CPI is a widely-used measure of inflation in the United States. It tracks the average change in prices paid by consumers for a representative basket of goods and services, including food, housing, transportation, and medical care. The CPI is a leading indicator for monetary policy decisions and a benchmark for adjusting wages, benefits, and other economic factors.
Methodology
The Bureau of Labor Statistics collects price data from households and businesses to calculate the Monthly CPI.
Historical Context
The Monthly CPI is a crucial input for the Federal Reserve's monetary policy decisions and a key economic indicator referenced by markets, analysts, and policymakers.
Key Facts
- The CPI covers about 93% of the total U.S. population.
- Food and energy are the two largest components of the CPI basket.
- The CPI is published monthly, around the middle of the following month.
FAQs
Q: What does this economic trend measure?
A: The Monthly Consumer Price Index (CPI) measures the average change in prices paid by urban consumers for a basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Monthly CPI is a key indicator of inflation and a crucial input for Federal Reserve monetary policy decisions. It is closely watched by economists, policymakers, and the public.
Q: How is this data collected or calculated?
A: The Bureau of Labor Statistics collects price data from households and businesses to calculate the Monthly CPI.
Q: How is this trend used in economic policy?
A: The Monthly CPI is a key economic indicator referenced by the Federal Reserve, markets, and policymakers in assessing inflationary pressures and informing monetary policy decisions.
Q: Are there update delays or limitations?
A: The Monthly CPI is published around the middle of the following month, so there is a short delay in the data.
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Citation
U.S. Federal Reserve, Monthly Consumer Price Index (RUSCP110000IXOBM), retrieved from FRED.