Producer Prices Index: Type of Goods: Durable Consumer Goods: Total for Russia
RUSPITGCD01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.14
Year-over-Year Change
2.70%
Date Range
1/1/2015 - 1/1/2022
Summary
The Producer Prices Index: Type of Goods: Durable Consumer Goods: Total for Russia measures changes in the average price received by domestic producers of durable consumer goods in Russia. This indicator provides insight into inflationary pressures and the overall health of the Russian manufacturing sector.
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 Producer Prices Index (PPI) tracks changes in the prices of goods and services sold by producers in Russia. The Durable Consumer Goods component specifically covers products intended for long-term use by households, such as appliances, furniture, and electronics. Monitoring this metric helps economists and policymakers assess production costs, competitiveness, and potential price pressures.
Methodology
The Russian Federal State Statistics Service collects PPI data through surveys of domestic producers.
Historical Context
Trends in the Durable Consumer Goods PPI are closely watched by the Central Bank of Russia and international investors to gauge industrial activity and the economic outlook.
Key Facts
- The Durable Consumer Goods PPI accounts for over 10% of Russia's overall Producer Price Index.
- Russia's Durable Goods PPI has risen by an average of 5% annually over the past decade.
- Stable durable goods prices are seen as a positive indicator of economic conditions in Russia.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Type of Goods: Durable Consumer Goods: Total for Russia measures changes in the average price received by domestic producers of long-lasting consumer products.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the Durable Consumer Goods PPI provides insights into manufacturing costs, output prices, and potential inflationary pressures in the Russian economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of domestic producers by the Russian Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: The Durable Consumer Goods PPI is closely watched by the Central Bank of Russia and international investors as an indicator of industrial activity and the economic outlook.
Q: Are there update delays or limitations?
A: The PPI data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of Goods: Durable Consumer Goods: Total for Russia (RUSPITGCD01GPM), retrieved from FRED.