Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for India
INDCP030000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.80
Year-over-Year Change
-67.13%
Date Range
1/1/2014 - 5/1/2019
Summary
The Consumer Price Index (CPI) for Clothing and Footwear in India measures the change in retail prices of apparel, accessories, and footwear. It is a key indicator of consumer inflation and purchasing power.
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 Clothing and Footwear CPI is a subcomponent of the broader Indian Consumer Price Index, which tracks price changes for a basket of consumer goods and services. This metric is widely used by policymakers, economists, and businesses to assess domestic price pressures and consumer demand.
Methodology
The Indian CPI is calculated by the Central Statistical Office based on a survey of retail prices across urban and rural areas.
Historical Context
The Clothing and Footwear CPI helps inform monetary and fiscal policies aimed at managing inflation and supporting consumer spending.
Key Facts
- The CPI for Clothing and Footwear accounts for about 6.5% of the total Indian CPI basket.
- India's Clothing and Footwear CPI reached a record high of 155.1 in March 2023.
- Clothing and footwear prices have risen by an average of 4.3% per year over the past decade in India.
FAQs
Q: What does this economic trend measure?
A: The Clothing and Footwear CPI measures the change in retail prices of apparel, accessories, and footwear in India.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of consumer inflation and purchasing power, which informs economic policies and business decisions.
Q: How is this data collected or calculated?
A: The Indian CPI, including the Clothing and Footwear subindex, is calculated by the Central Statistical Office based on a survey of retail prices.
Q: How is this trend used in economic policy?
A: The Clothing and Footwear CPI helps policymakers and analysts assess domestic price pressures and consumer demand, informing monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Indian CPI data is published monthly with a typical release lag of two to three weeks.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for India
INDCP110000GYM
Number of Identified Exporters to India from U.S. Virgin Islands
VIINDA475SCEN
Consumer Price Index: Communication (COICOP 08): Total for India
INDCP080000IXNBM
Infant Mortality Rate for India
SPDYNIMRTININD
Value of Exports to India from Montana
MTINDA052SCEN
Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for India
INDFCLODCGGDPPT
Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for India (INDCP030000GYM), retrieved from FRED.