Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Russia
RUSCPGRLE01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.05
Year-over-Year Change
110.00%
Date Range
1/1/2012 - 2/1/2022
Summary
The Consumer Price Index (CPI) for All Items Non-Food Non-Energy in Russia measures changes in the prices of consumer goods and services, excluding food and energy. This trend is a key indicator of underlying inflationary pressures 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 CPI for All Items Non-Food Non-Energy in Russia is a widely-used economic indicator that tracks the cost of a representative basket of consumer goods and services, excluding the volatile food and energy sectors. It provides insight into broader price dynamics and can inform monetary policy decisions.
Methodology
The data is collected through surveys of retail prices and calculated based on a fixed basket of goods and services.
Historical Context
This CPI measure is closely monitored by the Central Bank of Russia and other policymakers to assess inflationary trends and guide economic policy.
Key Facts
- The base year for this CPI series is 2015.
- Russia's CPI for non-food, non-energy items reached a high of 6.4% in 2022.
- The Central Bank of Russia targets an annual inflation rate of 4%.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for All Items Non-Food Non-Energy in Russia measures changes in the prices of consumer goods and services, excluding food and energy costs.
Q: Why is this trend relevant for users or analysts?
A: This CPI measure provides insight into underlying inflationary pressures in the Russian economy, which is crucial information for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail prices and calculated based on a fixed basket of goods and services.
Q: How is this trend used in economic policy?
A: The Central Bank of Russia closely monitors this CPI measure to assess inflationary trends and guide its monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delays, providing timely information on price dynamics in Russia.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Russia (RUSCPGRLE01GPM), retrieved from FRED.