Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for India
INDCP080000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.64
Year-over-Year Change
34.08%
Date Range
1/1/2014 - 5/1/2019
Summary
The Consumer Price Index (CPI) for Communication in India measures the change in prices for communication-related goods and services, providing insights into inflationary trends in this key consumer spending category.
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 Communication CPI is a component of the overall Consumer Price Index, which tracks changes in the prices paid by consumers for a basket of commonly purchased items. The Communication CPI specifically focuses on the prices of telephone and internet services, postal charges, and related communication products and services.
Methodology
The data is collected through regular surveys of consumer prices in urban and rural areas across India.
Historical Context
This index is closely monitored by policymakers and economists to assess the impact of communication costs on overall inflation and consumer spending patterns.
Key Facts
- Communication accounts for approximately 2.5% of the Indian CPI basket.
- The Communication CPI has seen relatively moderate inflation compared to other CPI components in recent years.
- Monitoring the Communication CPI helps policymakers assess the impact of telecom and internet costs on household budgets.
FAQs
Q: What does this economic trend measure?
A: The Communication CPI for India measures the change in prices for a basket of communication-related goods and services, including telephone, internet, and postal charges.
Q: Why is this trend relevant for users or analysts?
A: The Communication CPI provides important insights into inflationary pressures in a key consumer spending category, which is useful for policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys of communication-related goods and services across urban and rural areas in India.
Q: How is this trend used in economic policy?
A: The Communication CPI is closely monitored by the Indian government and central bank to assess the impact of communication costs on overall inflation and consumer spending patterns.
Q: Are there update delays or limitations?
A: The Communication CPI data is published on a regular basis, with minimal update delays, providing timely information to policymakers and analysts.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for India (INDCP080000GYM), retrieved from FRED.