Consumer Price Index: All Items: Total for Russia
Index source base, Monthly
RUSCPALTT01IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
227.82
Year-over-Year Change
16.70%
Date Range
1/1/1992 - 3/1/2022
Summary
The Index Source Base, Monthly measures the changes in the cost of a basket of consumer goods and services in Russia. It is a key indicator of inflation and consumer purchasing power.
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 Index Source Base, Monthly is a price index that tracks the average change in prices paid by Russian consumers for a representative basket of goods and services. It is a widely used metric for monitoring the overall rate of inflation in the Russian economy.
Methodology
The data is collected through surveys of Russian households and businesses by the Federal State Statistics Service.
Historical Context
The Index Source Base, Monthly is closely watched by the Central Bank of Russia and policymakers for informing monetary policy decisions.
Key Facts
- The base year for the index is 2016.
- Russia's annual inflation rate reached over 8% in 2022.
- The CPI is a key input for the Central Bank of Russia's interest rate decisions.
FAQs
Q: What does this economic trend measure?
A: The Index Source Base, Monthly measures the changes in the prices of a basket of consumer goods and services in Russia, providing a gauge of the overall inflation rate.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a crucial indicator for assessing the purchasing power of Russian consumers and informing monetary policy decisions by the Central Bank of Russia.
Q: How is this data collected or calculated?
A: The data is collected through household and business surveys by the Federal State Statistics Service of Russia.
Q: How is this trend used in economic policy?
A: The Index Source Base, Monthly is closely monitored by the Central Bank of Russia and policymakers to help guide interest rate decisions and other monetary policy actions.
Q: Are there update delays or limitations?
A: The Index Source Base, Monthly data is released on a monthly basis with a short delay, providing timely information on Russian inflation trends.
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Citation
U.S. Federal Reserve, Index Source Base, Monthly (RUSCPALTT01IXNBM), retrieved from FRED.