Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Russia
RUSCP120000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.25
Year-over-Year Change
68.64%
Date Range
1/1/2010 - 2/1/2022
Summary
The Consumer Price Index (CPI) for Miscellaneous Goods and Services in Russia tracks changes in prices for a wide range of consumer items like personal care, insurance, and other non-essential purchases. This metric is a key indicator of overall consumer inflation and purchasing power in the Russian economy.
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 Miscellaneous Goods and Services CPI represents a major component of the broader Russian CPI, which is widely used by policymakers, analysts, and the public to monitor cost-of-living trends. This subindex focuses on a diverse basket of non-essential consumer items that can provide insights into discretionary spending patterns.
Methodology
The data is collected through surveys of retail establishments and service providers across Russia.
Historical Context
The Miscellaneous Goods and Services CPI is a valuable input for the Central Bank of Russia in setting monetary policy to achieve its inflation targets.
Key Facts
- The Miscellaneous Goods and Services CPI accounts for around 13% of the total Russian CPI basket.
- Prices in this category have risen by an average of 5.2% annually over the past decade.
- Volatile components like insurance and personal care products can significantly impact the overall Miscellaneous Goods and Services index.
FAQs
Q: What does this economic trend measure?
A: The Miscellaneous Goods and Services CPI tracks changes in consumer prices for a diverse range of non-essential items in Russia, including personal care products, insurance, and other discretionary purchases.
Q: Why is this trend relevant for users or analysts?
A: This CPI subindex provides valuable insights into consumer spending patterns and inflationary pressures on discretionary purchases, which can be an important indicator of overall economic conditions and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retail establishments and service providers across Russia.
Q: How is this trend used in economic policy?
A: The Miscellaneous Goods and Services CPI is a key input for the Central Bank of Russia in setting monetary policy and achieving its inflation targets.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical lag of 2-3 weeks, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Russia (RUSCP120000GYM), retrieved from FRED.