Consumer Price Index: Recreation and Culture (COICOP 09): Total for India
INDCP090000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.15
Year-over-Year Change
53.39%
Date Range
4/1/2013 - 1/1/2019
Summary
The Consumer Price Index: Recreation and Culture (COICOP 09) measures changes in the prices of recreational and cultural goods and services in India. This index is a key indicator of consumer spending and inflationary pressures in the recreation and culture sector.
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: Recreation and Culture (COICOP 09) tracks the price changes of a wide range of recreational and cultural items, including sports equipment, hobbies, entertainment, and media. It is an important gauge of consumer demand and the overall cost of living in India.
Methodology
The data is collected through surveys of consumer expenditures and prices by India's Ministry of Statistics and Programme Implementation.
Historical Context
This index is closely monitored by the Reserve Bank of India and other policymakers to assess inflationary trends and consumer behavior.
Key Facts
- The index base year is 2012.
- Recreation and culture account for over 6% of the Indian consumer basket.
- Prices in this sector have risen by an average of 4.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Recreation and Culture (COICOP 09) measures changes in the prices of recreational and cultural goods and services in India.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of consumer demand and inflationary pressures in the recreation and culture sector, which is a significant component of household spending in India.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices by India's Ministry of Statistics and Programme Implementation.
Q: How is this trend used in economic policy?
A: The Reserve Bank of India and other policymakers closely monitor this index to assess overall inflationary trends and consumer behavior.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical 1-2 month delay, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Consumer Price Index: Recreation and Culture (COICOP 09): Total for India (INDCP090000GPQ), retrieved from FRED.