Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for India
INDCP010000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.24
Year-over-Year Change
140.02%
Date Range
2/1/2013 - 5/1/2019
Summary
The Consumer Price Index for Food and Non-Alcoholic Beverages in India measures the change in prices of food and non-alcoholic drink items purchased by Indian consumers. This key economic indicator is closely watched by policymakers to monitor inflation and guide fiscal and monetary policies.
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 Food and Non-Alcoholic Beverages CPI tracks the cost of a representative basket of food and beverage items in India. It is a crucial metric for understanding domestic consumption patterns and the purchasing power of Indian households.
Methodology
The data is collected through surveys of retail prices across a representative sample of urban and rural areas in India.
Historical Context
The Food and Non-Alcoholic Beverages CPI is a key input for the Reserve Bank of India's inflation targeting framework and monetary policy decisions.
Key Facts
- India's Food and Non-Alcoholic Beverages CPI accounts for about 39% of the overall CPI basket.
- Prices of food and non-alcoholic beverages have risen by an average of 5.5% annually over the past decade in India.
- High food inflation is a major concern for policymakers in India due to its impact on household budgets and overall cost of living.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Food and Non-Alcoholic Beverages in India tracks the change in retail prices of a representative basket of food and non-alcoholic drink items purchased by Indian consumers.
Q: Why is this trend relevant for users or analysts?
A: This CPI metric is a crucial indicator of domestic inflation and consumption patterns, providing important insights for policymakers, businesses, and households in India.
Q: How is this data collected or calculated?
A: The data is collected through price surveys of a representative sample of retail outlets across urban and rural areas in India.
Q: How is this trend used in economic policy?
A: The Food and Non-Alcoholic Beverages CPI is a key input for the Reserve Bank of India's inflation targeting and monetary policy decisions, as well as for broader fiscal and economic policies.
Q: Are there update delays or limitations?
A: The data is published monthly by India's Ministry of Statistics and Programme Implementation, with a typical release lag of two to three weeks.
Related Trends
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FAEEFNINQ052N
U.S. Imports of Goods by Customs Basis from India
IMP5330
Balance of Payments: Services: Expenditure for India
INDB6DBSE01CXCUSAQ
Use of Financial Services Borrowers: Persons Borrowing from Credit Unions and Financial Cooperatives for India
INDFCRODUPENUM
Balance of Payments: Goods: Expenditure for India
INDB6DBTD01NCCUSAQ
Share Prices: All Shares/Broad: Total for India
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Citation
U.S. Federal Reserve, Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for India (INDCP010000GPM), retrieved from FRED.