Consumer Price Index: Transport (COICOP 07): Total for India
Index source base
INDCP070000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.30
Year-over-Year Change
1.60%
Date Range
1/1/2013 - 5/1/2019
Summary
The Index Source Base measures the relative change in a statistical series' base period. This provides important context for interpreting economic trends over time.
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 Index Source Base is an index that tracks the base year used for a particular data series. It allows for comparison of series that may have been rebased at different times, which is crucial for accurate economic analysis.
Methodology
The Index Source Base is calculated by the U.S. Federal Reserve based on the base year of the original data source.
Historical Context
This index is widely used by economists and policymakers to ensure consistent interpretation of economic time series data.
Key Facts
- The base year is the reference period used to calculate an index.
- Rebasing data series can affect the interpretation of economic trends.
- The Index Source Base helps normalize data for accurate comparisons.
FAQs
Q: What does this economic trend measure?
A: The Index Source Base measures the base year used for a particular economic data series, providing crucial context for interpreting trends over time.
Q: Why is this trend relevant for users or analysts?
A: Tracking the base year is essential for making accurate comparisons across different economic time series, which is crucial for policymakers and analysts.
Q: How is this data collected or calculated?
A: The Index Source Base is calculated by the U.S. Federal Reserve based on the base year of the original data source.
Q: How is this trend used in economic policy?
A: The Index Source Base is widely used by economists and policymakers to ensure consistent interpretation of economic time series data, which informs policy decisions.
Q: Are there update delays or limitations?
A: The Index Source Base is updated regularly by the Federal Reserve, with no known significant delays or limitations.
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Citation
U.S. Federal Reserve, Index Source Base (INDCP070000IXNBM), retrieved from FRED.