Consumer Price Index: All Items: Total: Special COICOP Series for India
Index source base, Monthly
INDCPALTT02IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
185.30
Year-over-Year Change
4.87%
Date Range
1/1/2013 - 10/1/2023
Summary
The Index Source Base, Monthly measures changes in the price level of a specific basket of goods and services. It is a key indicator used by economists and policymakers to track inflation and guide monetary policy decisions.
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 Index Source Base, Monthly is a price index that tracks the cost of a representative basket of consumer goods and services. It is a widely used metric for monitoring inflation and cost-of-living changes within an economy.
Methodology
The data is calculated based on monthly surveys of consumer expenditures and prices.
Historical Context
Policymakers and analysts closely monitor this index to assess economic conditions and inform decisions around interest rates, fiscal policy, and other interventions.
Key Facts
- The index has a base year of 2012.
- It covers a representative basket of over 80,000 consumer items.
- Monthly updates provide timely data on price changes.
FAQs
Q: What does this economic trend measure?
A: The Index Source Base, Monthly measures changes in the price level of a basket of consumer goods and services. It is a key inflation indicator used to track the overall cost of living.
Q: Why is this trend relevant for users or analysts?
A: This index is a vital tool for economists, policymakers, and consumers to monitor inflationary pressures and inform decisions around monetary policy, budgeting, and spending.
Q: How is this data collected or calculated?
A: The data is calculated based on monthly surveys of consumer expenditures and prices across thousands of retail establishments.
Q: How is this trend used in economic policy?
A: Central banks, governments, and analysts closely monitor this index to assess overall price levels and guide decisions on interest rates, stimulus measures, and other economic interventions.
Q: Are there update delays or limitations?
A: The Index Source Base, Monthly is published with a relatively short lag, allowing for timely tracking of inflation trends. However, it may not capture all price changes due to the limited basket of goods surveyed.
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Citation
U.S. Federal Reserve, Index Source Base, Monthly (INDCPALTT02IXNBM), retrieved from FRED.