Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for India
INDCP050000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.14
Year-over-Year Change
-76.19%
Date Range
2/1/2013 - 5/1/2019
Summary
The Consumer Price Index (CPI) for Furnishings, Household Equipment and Routine Household Maintenance in India measures the changes in prices of these consumer goods and services. It is a key indicator of inflationary pressures and consumer spending in the household 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 CPI 05 Furnishings, Household Equipment and Routine Household Maintenance index tracks the prices of a basket of household-related goods and services, including furniture, appliances, cleaning products, and maintenance. It is a vital statistic for understanding household consumption patterns and the overall cost of living in India.
Methodology
The data is collected through a nationwide survey of retail prices.
Historical Context
Policymakers and analysts use this CPI measure to assess household budgets, inflation dynamics, and the state of the domestic economy.
Key Facts
- The CPI 05 has a base year of 2012.
- It covers around 85% of total consumer expenditure in India.
- The index is released monthly by the Ministry of Statistics and Programme Implementation.
FAQs
Q: What does this economic trend measure?
A: The CPI for Furnishings, Household Equipment and Routine Household Maintenance tracks the changes in prices of a basket of household-related goods and services in India.
Q: Why is this trend relevant for users or analysts?
A: This CPI measure is crucial for understanding household consumption patterns, cost of living, and inflationary pressures in the Indian economy.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of retail prices by the Ministry of Statistics and Programme Implementation.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI measure to assess household budgets, inflation dynamics, and the state of the domestic economy in India.
Q: Are there update delays or limitations?
A: The index is released monthly, with a typical lag of around two weeks from the end of the reference month.
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Citation
U.S. Federal Reserve, Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for India (INDCP050000GPM), retrieved from FRED.