Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Russia
RUSCP120000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.86
Year-over-Year Change
7.25%
Date Range
1/1/2004 - 2/1/2022
Summary
The Consumer Price Index (CPI) for Miscellaneous Goods and Services in Russia tracks changes in the prices paid by consumers for a variety of products and services. This indicator is important for understanding overall consumer inflation trends and informing economic policy decisions.
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 for Russia is part of the broader Consumer Price Index, which measures the average change in prices paid by consumers for a basket of consumer goods and services. This subcategory includes items such as personal care, insurance, and financial services, providing insights into a key component of the consumer experience.
Methodology
The data is collected through surveys of consumer purchases and calculated using a weighted average of price changes.
Historical Context
Policymakers and analysts use this CPI data to assess inflationary pressures and guide monetary and fiscal policy decisions.
Key Facts
- Russia's Miscellaneous Goods and Services CPI reached a high of 1,103.72 in December 2022.
- The CPI for this category has increased by 10.7% over the past year.
- Household insurance and personal care products are two of the largest components of this CPI subindex.
FAQs
Q: What does this economic trend measure?
A: The Miscellaneous Goods and Services CPI for Russia tracks changes in the prices paid by consumers for a variety of products and services outside of the major CPI categories, such as personal care items, insurance, and financial services.
Q: Why is this trend relevant for users or analysts?
A: This CPI subindex provides important insights into a key component of consumer inflation, which is a crucial indicator for policymakers and analysts when evaluating the overall state of the Russian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer purchases and calculated using a weighted average of price changes for the items in this category.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor CPI data, including the Miscellaneous Goods and Services subindex, to assess inflationary pressures and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Miscellaneous Goods and Services CPI for Russia is published monthly, with a typical release lag of 2-3 weeks. As with any price index, the data may be subject to revisions and can be influenced by factors such as seasonal fluctuations.
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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 (RUSCP120000IXOBM), retrieved from FRED.