Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Russia
RUSCPGRSE01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.08
Year-over-Year Change
40.37%
Date Range
1/1/2012 - 10/1/2021
Summary
The Consumer Price Index (CPI) for Services in Russia measures the change in prices for a basket of consumer services. It is a key indicator of inflation and cost of living for Russian households.
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 tracks the prices of various services consumed by Russian households, such as housing, utilities, transportation, education, and recreation. It is a widely used measure of inflation and helps policymakers and economists assess the overall health of the Russian economy.
Methodology
The Russian Federal State Statistics Service collects price data from a representative sample of service providers to calculate the CPI for Services.
Historical Context
The CPI for Services is used by the Central Bank of Russia and other policymakers to inform monetary policy decisions and monitor price stability.
Key Facts
- The CPI for Services in Russia has a base year of 1999.
- Services account for over 50% of the total consumer basket in Russia.
- The CPI for Services is published on a monthly basis.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Services in Russia measures the change in prices for a basket of consumer services, including housing, utilities, transportation, education, and recreation.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Services is a key indicator of inflation and cost of living for Russian households, and is closely monitored by policymakers and economists to assess the overall health of the Russian economy.
Q: How is this data collected or calculated?
A: The Russian Federal State Statistics Service collects price data from a representative sample of service providers to calculate the CPI for Services.
Q: How is this trend used in economic policy?
A: The CPI for Services is used by the Central Bank of Russia and other policymakers to inform monetary policy decisions and monitor price stability.
Q: Are there update delays or limitations?
A: The CPI for Services is published on a monthly basis, with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Russia (RUSCPGRSE01GYQ), retrieved from FRED.