Consumer Price Index: All Items: Total for India
INDCPALTT01IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.80
Year-over-Year Change
18.26%
Date Range
1/1/1960 - 7/1/2023
Summary
The Consumer Price Index (CPI) measures changes in the prices paid by consumers for a basket of goods and services in India. It is a key indicator of inflation and cost of living, used by policymakers to guide monetary and fiscal policies.
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: All Items: Total for India tracks the overall price level of consumer goods and services across the country. It is a widely-followed economic indicator that reflects changes in the purchasing power of the Indian rupee and the affordability of household consumption.
Methodology
The CPI is calculated by the Ministry of Statistics and Programme Implementation based on retail prices collected from selected markets.
Historical Context
The CPI is a critical input for the Reserve Bank of India's monetary policy decisions and a key measure of the effectiveness of the government's economic management.
Key Facts
- India's CPI reached a high of 7.8% in April 2022.
- The CPI basket includes food, housing, clothing, fuel, and other items.
- The RBI aims to keep inflation within a 2-6% target range.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) measures changes in the prices paid by consumers for a basket of goods and services in India. It is a key indicator of inflation and cost of living.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a critical metric used by policymakers, economists, and the public to understand the state of the Indian economy and cost of living. It informs monetary and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The CPI is calculated by the Ministry of Statistics and Programme Implementation based on retail prices collected from selected markets across India.
Q: How is this trend used in economic policy?
A: The CPI is a key input for the Reserve Bank of India's monetary policy decisions, as it measures the effectiveness of the government's economic management and the purchasing power of the Indian rupee.
Q: Are there update delays or limitations?
A: The CPI data is released on a monthly basis with a short lag, providing timely information on inflation trends in India.
Related Trends
Value of Exports to India from Vermont
VTINDA052SCEN
Barro-Lee: Population age 25+ with tertiary schooling. Total (Incomplete and Completed Tertiary) for India
BARTERICMP25UPZSIND
Leading Indicators OECD: Component Series: Share Prices: Normalised for India
INDLOCOSPNOSTSAM
Value of Exports to India from Oregon
ORINDA052SCEN
Leading Indicators OECD: Component Series: Short-Term Interest Rate: Normalised for India
INDLOCOSTNOSTSAM
Financial Market: Real Effective Exchange Rates: CPI Based for India
CCRETT01INQ661N
Citation
U.S. Federal Reserve, Consumer Price Index: All Items: Total for India (INDCPALTT01IXNBQ), retrieved from FRED.