Consumer Price Index: Health (COICOP 06): Total for India
INDCP060000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
145.63
Year-over-Year Change
18.92%
Date Range
1/1/2013 - 1/1/2019
Summary
The Consumer Price Index (CPI) for Health in India measures changes in the prices of healthcare goods and services. This key economic indicator helps policymakers and analysts track inflation and cost-of-living trends.
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 covers a basket of medical products, services, and equipment. It is a vital metric for understanding the affordability of healthcare and the overall cost pressures facing Indian consumers.
Methodology
The data is collected through surveys of Indian households and businesses.
Historical Context
The CPI for Health is used by the Reserve Bank of India and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The CPI for Health has a base year of 2012.
- Healthcare accounts for around 5% of the overall CPI basket in India.
- India's CPI for Health has risen by over 50% since 2012.
FAQs
Q: What does this economic trend measure?
A: The CPI for Health in India measures changes in the prices of medical products, services, and equipment over time.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Health is a key indicator of healthcare affordability and inflation, helping policymakers and consumers understand cost-of-living pressures.
Q: How is this data collected or calculated?
A: The data is collected through household and business surveys by the Indian statistical agency.
Q: How is this trend used in economic policy?
A: The CPI for Health is used by the Reserve Bank of India and other institutions to inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The CPI for Health data is published monthly with a short lag, providing timely information on healthcare cost trends.
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Citation
U.S. Federal Reserve, Consumer Price Index: Health (COICOP 06): Total for India (INDCP060000IXNBQ), retrieved from FRED.