years period) is also found from altimetry and tide gauge observations. A phase lag, related to the inter-annual frequencies of the Volga River was detected from the point-wise time-series showing level propagation from the northwest to the southeast of the sea. The Cross-correlation between the power spectrum of Volga and that of the northern-most, middle, and southern-most points within the Caspian Sea were respectively 0.63, 0.51 and 0.4 of zero-lag correlation, corroborating the influence of the Volga River. The result of PCA also shows that different parts of the Caspian Sea exhibit different amplitudes of level variations, indicating that the point-wise approach, when employing all available satellite measurements could be a suitable method for a preliminary monitoring of this inland water resource as it gives accurate local fluctuations.