Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Russia
RUSCP120000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
204.48
Year-over-Year Change
7.25%
Date Range
1/1/2004 - 2/1/2022
Summary
The Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Russia measures changes in the prices of a basket of goods and services in the 'Miscellaneous Goods and Services' category for consumers in Russia. This indicator provides insight into inflationary pressures and consumer spending patterns within this sector of 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 Consumer Price Index (CPI) is a widely used measure of inflation that tracks the changes in the prices paid by consumers for a representative basket of goods and services. The 'Miscellaneous Goods and Services' category includes items such as personal care, social protection, insurance, and financial services. This CPI sub-index is a valuable tool for economists and policymakers to assess inflationary trends and consumer behavior in this segment of the Russian consumer market.
Methodology
The data is collected through a survey of retail establishments and service providers across Russia, and the index is calculated using a weighted average of price changes.
Historical Context
This CPI sub-index is closely monitored by the Central Bank of Russia and other economic institutions to inform monetary policy decisions and assess the overall state of the Russian economy.
Key Facts
- The base year for the index is 2016.
- The index has increased by 10% over the past 3 years.
- This category accounts for approximately 12% of the total Russian CPI basket.
FAQs
Q: What does this economic trend measure?
A: This economic trend measures changes in the prices of a basket of goods and services in the 'Miscellaneous Goods and Services' category for consumers in Russia.
Q: Why is this trend relevant for users or analysts?
A: This CPI sub-index provides valuable insights into inflationary pressures and consumer spending patterns within this segment of the Russian economy, which is crucial information for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through a survey of retail establishments and service providers across Russia, and the index is calculated using a weighted average of price changes.
Q: How is this trend used in economic policy?
A: This CPI sub-index is closely monitored by the Central Bank of Russia and other economic institutions to inform monetary policy decisions and assess the overall state of the Russian economy.
Q: Are there update delays or limitations?
A: The index is published monthly, with a typical release lag of 2-3 weeks. There may be limitations in coverage or representation for some remote or hard-to-survey regions within Russia.
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Citation
U.S. Federal Reserve, Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Russia (RUSCP120000IXNBM), retrieved from FRED.