Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for India
CPALTT01INA659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.80
Year-over-Year Change
-59.19%
Date Range
1/1/1958 - 1/1/2024
Summary
The Consumer Price Index (CPI) for India measures the change in prices paid by consumers for a basket of goods and services. It is a key indicator of inflation and an important tool for economic policymakers.
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 CPI for India, based on the Classification of Individual Consumption by Purpose (COICOP) 1999, tracks the prices of a representative basket of consumer goods and services. It is used to assess the overall cost of living and inform monetary and fiscal policies.
Methodology
The Indian CPI data is collected through household surveys and retail price observations.
Historical Context
The CPI is widely monitored by the Reserve Bank of India and other government agencies to guide interest rate and inflation targeting policies.
Key Facts
- The base year for the Indian CPI is 2012.
- CPI is calculated for both urban and rural population groups.
- India's CPI is published on a monthly basis.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for India measures the changes in the prices paid by consumers for a basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation in India and is closely monitored by policymakers to guide monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The Indian CPI data is collected through household surveys and retail price observations.
Q: How is this trend used in economic policy?
A: The CPI is widely used by the Reserve Bank of India and other government agencies to set interest rates and inflation targets.
Q: Are there update delays or limitations?
A: The Indian CPI is published on a monthly basis with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for India (CPALTT01INA659N), retrieved from FRED.