Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for India
INDCP100000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.13
Year-over-Year Change
24.92%
Date Range
1/1/2014 - 5/1/2019
Summary
The Consumer Price Index (CPI) for Education in India measures the price changes of educational goods and services. It is a key indicator for policymakers and analysts to understand inflationary pressures in the education 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 CPI for Education in India is a subcomponent of the broader Consumer Price Index, which tracks the cost of a basket of consumer goods and services. The Education CPI specifically monitors price changes for educational items like tuition fees, books, and supplies, providing insights into education affordability and inflationary trends.
Methodology
The CPI for Education in India is calculated by the Ministry of Statistics and Programme Implementation based on surveys of educational institutions and household expenditures.
Historical Context
The Education CPI is used by the Reserve Bank of India and other policymakers to assess overall price stability and guide monetary policy decisions.
Key Facts
- The base year for the India Education CPI is 2012.
- Education accounts for approximately 4% of the overall Indian CPI basket.
- India's Education CPI has risen by an average of 6% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Education in India measures the price changes of educational goods and services, including tuition fees, books, and supplies.
Q: Why is this trend relevant for users or analysts?
A: The Education CPI provides important insights into inflationary pressures in the education sector, which is crucial for policymakers and consumers to assess affordability and cost-of-living changes.
Q: How is this data collected or calculated?
A: The CPI for Education in India is calculated by the Ministry of Statistics and Programme Implementation based on surveys of educational institutions and household expenditures.
Q: How is this trend used in economic policy?
A: The Education CPI is used by the Reserve Bank of India and other policymakers to assess overall price stability and guide monetary policy decisions that impact the education sector.
Q: Are there update delays or limitations?
A: The Education CPI for India is published on a monthly basis, but there can be a 1-2 month delay in the release of the latest data.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for India (INDCP100000GYM), retrieved from FRED.