Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Domestic for Russia
RUSPIEAMI02GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.40
Year-over-Year Change
-13.39%
Date Range
4/1/1998 - 10/1/2021
Summary
The Producer Prices Index (PPI) for Mining and Quarrying Activities measures changes in the wholesale prices of goods and services produced by the Russian mining and quarrying sector. This key economic indicator provides insight into inflationary pressures and production costs within a vital segment of 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 PPI for Mining and Quarrying Activities tracks the average change in prices received by domestic producers for their output. It is a leading indicator used by policymakers, analysts, and businesses to anticipate changes in cost structures, profit margins, and overall economic conditions.
Methodology
The data is collected through a nationwide survey of mining and quarrying companies in Russia.
Historical Context
The PPI is closely monitored by the Central Bank of Russia and other government agencies to inform monetary and fiscal policy decisions.
Key Facts
- The mining and quarrying sector accounts for over 10% of Russia's GDP.
- Russia is a major global producer of oil, natural gas, coal, and various minerals.
- Producer price trends often precede changes in consumer prices and inflation.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index (PPI) for Mining and Quarrying Activities measures changes in the wholesale prices of goods and services produced by the Russian mining and quarrying sector.
Q: Why is this trend relevant for users or analysts?
A: The PPI is a leading economic indicator used by policymakers, analysts, and businesses to anticipate changes in cost structures, profit margins, and overall economic conditions within a vital segment of the Russian economy.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of mining and quarrying companies in Russia.
Q: How is this trend used in economic policy?
A: The PPI is closely monitored by the Central Bank of Russia and other government agencies to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The PPI data is published on a monthly basis with a typical 1-month delay.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Domestic for Russia (RUSPIEAMI02GPQ), retrieved from FRED.