Consumer Price Index: OECD Groups: Services: Total for Russia
RUSCPGRSE01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.40
Year-over-Year Change
154.55%
Date Range
1/1/2012 - 2/1/2022
Summary
The Consumer Price Index (CPI) for Services: Total in Russia measures the change in prices of a basket of consumer services. It is a key indicator of inflation and cost-of-living 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 Services: Total in Russia tracks the price changes of a wide range of consumer services, including housing, utilities, transportation, recreation, and other service categories. This metric is widely used by economists, policymakers, and the public to assess the overall inflationary environment and make informed decisions.
Methodology
The data is collected by the Federal State Statistics Service of Russia through surveys of businesses and households.
Historical Context
The CPI for Services helps inform monetary policy decisions by the Central Bank of Russia and provides context for consumer spending patterns.
Key Facts
- Russia's CPI for Services has increased by 10% over the past year.
- Services account for over 60% of Russia's total consumer expenditures.
- The Central Bank of Russia aims to keep annual inflation within a 4% target range.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Services: Total in Russia measures the change in prices for a basket of consumer services, including housing, utilities, transportation, and recreation.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Services is a key indicator of inflationary pressures and cost-of-living in Russia, informing monetary policy and consumer spending decisions.
Q: How is this data collected or calculated?
A: The data is collected by the Federal State Statistics Service of Russia through surveys of businesses and households.
Q: How is this trend used in economic policy?
A: The CPI for Services helps the Central Bank of Russia assess inflationary conditions and make appropriate monetary policy decisions to maintain price stability.
Q: Are there update delays or limitations?
A: The CPI for Services data is published monthly with a typical 2-week delay, and may be subject to revisions based on updated information.
Related Trends
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Services: Total for Russia (RUSCPGRSE01GPM), retrieved from FRED.