Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Russia
RUSPITGND01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.77
Year-over-Year Change
40.00%
Date Range
1/1/2015 - 10/1/2021
Summary
The Producer Prices Index for Non-Durable Consumer Goods in Russia measures changes in wholesale prices for non-durable consumer products. It is a key indicator of inflationary pressures and price dynamics 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 Producer Prices Index (PPI) tracks the change in prices received by domestic producers for their output. The Non-Durable Consumer Goods PPI specifically measures wholesale price changes for non-durable consumer items like food, clothing, and personal care products. This provides insights into manufacturing and distribution costs faced by consumers.
Methodology
The data is collected through surveys of domestic producers and manufacturers.
Historical Context
The PPI is closely monitored by the Central Bank of Russia and other policymakers to assess inflationary trends and support monetary policy decisions.
Key Facts
- Tracks wholesale price changes for non-durable consumer goods in Russia.
- Provides insights into manufacturing and distribution costs faced by consumers.
- Used by policymakers to assess inflationary pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for Non-Durable Consumer Goods in Russia measures changes in wholesale prices for non-durable consumer products like food, clothing, and personal care items.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into manufacturing and distribution costs faced by consumers, making it a key indicator of inflationary pressures in the Russian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic producers and manufacturers 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 policymakers to assess inflationary trends and support monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Russia (RUSPITGND01GPQ), retrieved from FRED.