Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for India
INDCP040000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
146.20
Year-over-Year Change
3.91%
Date Range
1/1/2013 - 5/1/2019
Summary
The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas and Other Fuels in India measures changes in the prices of these essential household expenses over time. This index is a key indicator of cost-of-living and inflation trends for Indian consumers and policymakers.
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 COICOP 04 CPI for India tracks the prices of housing-related goods and services, including rent, utilities, and household fuels. This index is used to assess the overall affordability of basic living costs and the impact on household budgets.
Methodology
The CPI data is collected through regular price surveys of a representative basket of consumer goods and services across India.
Historical Context
Trends in the Housing CPI are closely monitored by the Reserve Bank of India and other policymakers to inform monetary and fiscal policies.
Key Facts
- The CPI for Housing accounts for over 23% of the total Indian CPI basket.
- India's Housing CPI has risen by over 40% in the past decade.
- Rapid urbanization has driven up housing and utility costs in many Indian cities.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas and Other Fuels measures changes in the prices of these essential household expenses in India.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of cost-of-living and inflation trends for Indian consumers and helps policymakers assess the affordability of basic living costs.
Q: How is this data collected or calculated?
A: The CPI data is collected through regular price surveys of a representative basket of consumer goods and services across India.
Q: How is this trend used in economic policy?
A: Trends in the Housing CPI are closely monitored by the Reserve Bank of India and other policymakers to inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The CPI data is published on a monthly basis with minimal delays, providing timely insights into housing and utility cost trends.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for India (INDCP040000IXNBM), retrieved from FRED.