Price Level of Government Consumption for India
PLGCPPINA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.47
Year-over-Year Change
89.85%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Government Consumption for India measures the price index for government expenditures on goods and services in the Indian economy. It is a key indicator for understanding inflationary pressures and the purchasing power of the government.
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
This index reflects the price changes over time for the basket of goods and services purchased by the Indian government. It is an important economic statistic used to monitor government spending and the real purchasing power of government budgets.
Methodology
The data is collected and calculated by the Indian statistical agency based on a survey of government expenditures.
Historical Context
Policymakers use this index to assess the impact of inflation on government budgets and the purchasing power of public spending.
Key Facts
- The index has a base year of 2010.
- India's government consumption accounts for over 10% of GDP.
- The index has risen by over 60% since 2010.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for India measures the price index for goods and services purchased by the Indian government.
Q: Why is this trend relevant for users or analysts?
A: This index is important for understanding inflationary pressures on government budgets and the real purchasing power of public spending in India.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Indian statistical agency based on a survey of government expenditures.
Q: How is this trend used in economic policy?
A: Policymakers use this index to assess the impact of inflation on government budgets and the purchasing power of public spending.
Q: Are there update delays or limitations?
A: The index data is published on a regular basis with minimal lags, providing timely information for policymakers and analysts.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for India (PLGCPPINA670NRUG), retrieved from FRED.