Producer Prices Index: Type of Goods: Consumer Goods: Total for Russia
RUSPITGCG01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.56
Year-over-Year Change
39.29%
Date Range
1/1/2015 - 1/1/2022
Summary
The Producer Prices Index (PPI) for Consumer Goods in Russia measures changes in the wholesale prices paid by producers of consumer goods. This key economic indicator provides insights into inflationary pressures and production costs.
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 Consumer Goods in Russia tracks the average change over time in the selling prices received by domestic producers for their output. This measure is used by policymakers, analysts, and businesses to understand broader price dynamics and production trends in the Russian economy.
Methodology
The data is collected through surveys of Russian producers and manufacturers.
Historical Context
The PPI is closely watched by the Central Bank of Russia and international institutions to inform monetary and fiscal policy decisions.
Key Facts
- The base year for the Russian PPI is 2000.
- Producer prices for consumer goods rose 17.3% in 2022.
- The PPI is published monthly by the Federal State Statistics Service of Russia.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index (PPI) for Consumer Goods in Russia measures changes in the wholesale prices paid by producers of consumer products.
Q: Why is this trend relevant for users or analysts?
A: The PPI provides valuable insights into inflationary pressures, production costs, and pricing dynamics within the Russian consumer goods sector, informing policy decisions and business strategies.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of Russian producers and manufacturers.
Q: How is this trend used in economic policy?
A: The PPI for Consumer Goods is closely monitored by the Central Bank of Russia and international institutions to help guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The PPI data is published monthly by the Federal State Statistics Service of Russia with minimal delays.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of Goods: Consumer Goods: Total for Russia (RUSPITGCG01GPM), retrieved from FRED.