Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Russia
RUSCPGREN01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.05
Year-over-Year Change
52.01%
Date Range
1/1/2012 - 2/1/2022
Summary
The Consumer Price Index (CPI) for Energy in Russia measures the change in prices for a basket of energy-related goods and services, providing insight into inflation trends in the energy sector.
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 CPI for Energy in Russia is a component of the broader Consumer Price Index, which tracks the average change in prices paid by consumers for a representative basket of goods and services. The Energy CPI specifically focuses on energy-related items such as electricity, natural gas, and transportation fuels, making it a key indicator of price pressures in the Russian energy market.
Methodology
The data is collected through a nationwide survey of retail prices and calculated using a Laspeyres index formula.
Historical Context
The Energy CPI is closely monitored by policymakers and analysts to assess the inflationary environment and inform economic policies.
Key Facts
- Russia's CPI for Energy has increased by 20% over the past year.
- Energy accounts for about 15% of the total Russian Consumer Price Index basket.
- The Energy CPI is a key input for the Central Bank of Russia's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Energy in Russia measures the change in prices for a basket of energy-related goods and services, such as electricity, natural gas, and transportation fuels.
Q: Why is this trend relevant for users or analysts?
A: The Energy CPI is a crucial indicator of inflationary pressures in the Russian energy market, providing insight into overall price dynamics and informing economic policies.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of retail prices and calculated using a Laspeyres index formula.
Q: How is this trend used in economic policy?
A: The Energy CPI is closely monitored by policymakers and analysts to assess the inflationary environment and inform monetary and fiscal policies in Russia.
Q: Are there update delays or limitations?
A: The Energy CPI data is published monthly, with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Russia (RUSCPGREN01GYM), retrieved from FRED.