Consumer Price Index: Education (COICOP 10): Total for India
INDCP100000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
154.80
Year-over-Year Change
7.13%
Date Range
1/1/2013 - 5/1/2019
Summary
The Consumer Price Index (CPI) for Education in India measures changes in the prices of educational goods and services over time. It is a key indicator for monitoring inflation and consumer purchasing power 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 overall Consumer Price Index, which tracks the weighted average change in prices paid by consumers for a basket of goods and services. The education CPI is used by policymakers and economists to assess cost-of-living trends and inform decisions on education policy, budgets, and investments.
Methodology
The data is collected through regular surveys of household expenditures on educational items.
Historical Context
The education CPI is an important input for fiscal and monetary policy decisions that impact the education sector and household budgets.
Key Facts
- The education CPI is a subcomponent of the overall Indian CPI.
- It tracks price changes for educational goods and services in India.
- Education is a major household expenditure category in India.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Education in India measures changes in the prices of educational goods and services, including tuition, books, supplies, and other education-related costs.
Q: Why is this trend relevant for users or analysts?
A: The education CPI is an important indicator for assessing inflation and the cost of living for Indian households, which can inform education policy, budgets, and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of household expenditures on educational items by India's statistical agencies.
Q: How is this trend used in economic policy?
A: The education CPI is used by policymakers and economists to monitor inflation pressures and consumer purchasing power in the education sector, which can inform fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The education CPI data is published on a regular schedule, but there may be lags in data availability or potential revisions to previously reported figures.
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Citation
U.S. Federal Reserve, Consumer Price Index: Education (COICOP 10): Total for India (INDCP100000IXNBM), retrieved from FRED.