Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing (Housing Excluding Imputed Rentals for Housing) for Russia
RUSCPGRLH02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.38
Year-over-Year Change
142.59%
Date Range
1/1/2012 - 2/1/2022
Summary
The Consumer Price Index (CPI) for Services Less Housing in Russia measures the change in prices for services excluding imputed rental housing costs. This is a key inflation indicator used by economists and policymakers to track the cost of living and determine monetary policy actions.
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 Services Less Housing is a sub-index of the broader Consumer Price Index that excludes the volatile housing component. This allows for a more accurate assessment of inflationary pressures in the services sector, which is a major driver of the Russian economy.
Methodology
The data is collected through surveys of retail outlets and service providers across Russia.
Historical Context
Central bankers and market analysts closely monitor this CPI metric to gauge underlying inflation trends and inform interest rate decisions.
Key Facts
- Russia CPI Services Less Housing has increased by 6.2% over the past year.
- This sub-index accounts for over 40% of the total Russian CPI basket.
- Monetary policymakers use this metric to set interest rates and manage inflation.
FAQs
Q: What does this economic trend measure?
A: The CPI for Services Less Housing in Russia measures changes in the prices of services, excluding the costs of housing and imputed rents.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate assessment of underlying inflationary pressures in the Russian economy, excluding the volatile housing component.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail outlets and service providers across Russia.
Q: How is this trend used in economic policy?
A: Central bankers and market analysts closely monitor this CPI sub-index to gauge inflationary trends and inform interest rate and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, but may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing (Housing Excluding Imputed Rentals for Housing) for Russia (RUSCPGRLH02GYM), retrieved from FRED.