Consumer Price Index: Communication (COICOP 08): Total for Japan
JPNCP080000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.30
Year-over-Year Change
-15.50%
Date Range
1/1/1970 - 6/1/2021
Summary
The Consumer Price Index for Communication measures price changes for goods and services related to communication, such as telephone, internet, and postal services, in Japan. This index is a key indicator of inflation and consumer spending patterns in the communication 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 Communication CPI tracks the prices paid by Japanese consumers for a basket of communication-related goods and services. It is used by economists and policymakers to monitor inflationary pressures and consumer behavior within the communication industry.
Methodology
This index is calculated monthly by Japan's Statistics Bureau based on a survey of prices from a representative sample of businesses and consumers.
Historical Context
The Communication CPI is an important input for the Bank of Japan's monetary policy decisions and economic growth assessments.
Key Facts
- The Communication CPI has a base year of 2015 = 100.
- Communication accounts for around 4% of the total Japanese consumer price index.
- Prices for telephone and internet services are the largest components of the Communication CPI.
FAQs
Q: What does this economic trend measure?
A: The Communication CPI measures the changes in prices paid by Japanese consumers for a basket of communication-related goods and services, including telephone, internet, and postal services.
Q: Why is this trend relevant for users or analysts?
A: The Communication CPI is an important indicator of inflationary pressures and consumer spending patterns in the communication sector, which is crucial for assessing the overall state of the Japanese economy.
Q: How is this data collected or calculated?
A: The data is collected monthly by Japan's Statistics Bureau through a survey of prices from a representative sample of businesses and consumers.
Q: How is this trend used in economic policy?
A: The Communication CPI is a key input for the Bank of Japan's monetary policy decisions and assessments of economic growth and inflation in Japan.
Q: Are there update delays or limitations?
A: The Communication CPI is published monthly, with a typical 1-2 month lag between the reference period and the release date.
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Citation
U.S. Federal Reserve, Consumer Price Index: Communication (COICOP 08): Total for Japan (JPNCP080000IXNBM), retrieved from FRED.