Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for India
Index source base, Monthly
INDCP010000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.90
Year-over-Year Change
1.91%
Date Range
1/1/2013 - 5/1/2019
Summary
The Index Source Base, Monthly measures changes in the total industrial production, excluding construction, over time. This key economic indicator provides insights into the overall manufacturing and industrial activity in the United States.
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 an index that tracks the total volume of industrial production, including manufacturing, mining, and utilities, on a monthly basis. It serves as an important barometer for monitoring the health and performance of the U.S. industrial sector.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities across the country.
Historical Context
This index is closely watched by policymakers, economists, and investors to assess the strength of the U.S. economy and inform economic decision-making.
Key Facts
- The index uses 2017 as the base year, with a value of 100.
- Industrial production accounts for approximately 16% of the U.S. gross domestic product (GDP).
- The index has shown a steady recovery since the COVID-19 pandemic's impact in 2020.
FAQs
Q: What does the Index Source Base, Monthly measure?
A: The Index Source Base, Monthly measures the total volume of industrial production, including manufacturing, mining, and utilities, on a monthly basis in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Index Source Base, Monthly is a key economic indicator that provides insights into the overall health and performance of the U.S. industrial sector, which is an important driver of economic growth and a significant component of the country's GDP.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities across the country.
Q: How is this trend used in economic policy?
A: The Index Source Base, Monthly is closely monitored by policymakers, economists, and investors to assess the strength of the U.S. economy and inform economic decision-making, including monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Index Source Base, Monthly data is released by the U.S. Federal Reserve on a monthly basis, with a typical delay of a few weeks from the end of the reference month.
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Citation
U.S. Federal Reserve, Index Source Base, Monthly (INDCP010000IXNBM), retrieved from FRED.