Consumer Price Index: Transport (COICOP 07): Total for India
INDCP070000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.40
Year-over-Year Change
14.67%
Date Range
1/1/2013 - 1/1/2019
Summary
The Consumer Price Index: Transport (COICOP 07): Total for India measures changes in the prices of transportation-related goods and services in India. This key economic indicator provides insights into consumer inflation and purchasing power 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 Consumer Price Index: Transport (COICOP 07): Total for India tracks the prices of items such as vehicle purchases, fuel, public transportation, and other transportation costs. It is a vital metric for understanding the cost of living and inflationary pressures facing Indian consumers and policymakers.
Methodology
The data is collected through household surveys and compiled by India's Ministry of Statistics and Programme Implementation.
Historical Context
Transport costs are a significant component of household expenditures, so changes in this index can influence monetary and fiscal policies aimed at managing inflation.
Key Facts
- India's transport CPI has risen by 6.4% over the past year.
- Transportation accounts for over 15% of the average Indian household's expenditures.
- The transport CPI is a key input for the Reserve Bank of India's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Transport (COICOP 07): Total for India measures changes in the prices of transportation-related goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: This index provides crucial insights into consumer inflation and the cost of living, which are important considerations for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by India's Ministry of Statistics and Programme Implementation.
Q: How is this trend used in economic policy?
A: Transport costs are a significant component of household expenditures, so changes in this index can influence monetary and fiscal policies aimed at managing inflation.
Q: Are there update delays or limitations?
A: The transport CPI data is released on a monthly basis with a typical 4-6 week delay.
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Citation
U.S. Federal Reserve, Consumer Price Index: Transport (COICOP 07): Total for India (INDCP070000IXNBQ), retrieved from FRED.