Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for India
INDCP060000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.84
Year-over-Year Change
63.08%
Date Range
1/1/2014 - 1/1/2019
Summary
The Consumer Price Index (CPI) for Health in India measures changes in the prices of healthcare goods and services. It is a key economic indicator used by policymakers to monitor inflation and make informed policy decisions.
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 Health in India is a subindex of the overall CPI, which tracks the weighted average change in prices paid by consumers for a basket of goods and services. The Health CPI specifically focuses on measuring price changes for medical care, pharmaceuticals, and other healthcare-related expenditures.
Methodology
The data is collected through surveys of Indian households and businesses by the Ministry of Statistics and Programme Implementation.
Historical Context
The Health CPI is closely watched by the Reserve Bank of India and other economic analysts to assess inflationary pressures and the overall cost of living in the country.
Key Facts
- The Health CPI is a subindex of the overall Indian Consumer Price Index.
- Healthcare costs have risen faster than general inflation in India in recent years.
- The Health CPI is a key input for Reserve Bank of India monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Health in India measures changes in the prices of healthcare goods and services, including medical care, pharmaceuticals, and other healthcare-related expenditures.
Q: Why is this trend relevant for users or analysts?
A: The Health CPI is a crucial economic indicator used by policymakers and analysts to monitor inflationary pressures and the overall cost of living in India, particularly in the healthcare sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Indian households and businesses by the Ministry of Statistics and Programme Implementation.
Q: How is this trend used in economic policy?
A: The Health CPI is closely watched by the Reserve Bank of India and other economic analysts to assess inflationary pressures and make informed monetary policy decisions.
Q: Are there update delays or limitations?
A: The Health CPI data is published on a regular basis, but there may be occasional delays or limitations in data collection and reporting.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for India (INDCP060000GYQ), retrieved from FRED.