Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for India
INDCP050000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.51
Year-over-Year Change
-9.13%
Date Range
1/1/2014 - 5/1/2019
Summary
The Consumer Price Index (CPI) for Furnishings, Household Equipment and Routine Household Maintenance in India measures changes in the prices paid by consumers for a basket of household goods and services.
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 CPI subindex tracks inflation specifically within the household furnishings and maintenance sector of the Indian economy. It is a key indicator used by policymakers and analysts to assess inflationary pressures and household consumption patterns.
Methodology
The data is collected through surveys of retail prices for a representative basket of household goods and services.
Historical Context
This CPI subindex is monitored by the Reserve Bank of India and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The base year for this CPI series is 2012.
- Household furnishings and maintenance make up around 4.7% of the overall CPI basket in India.
- This CPI subindex has shown relatively stable inflation compared to the headline CPI in recent years.
FAQs
Q: What does this economic trend measure?
A: This CPI subindex measures changes in the prices paid by Indian consumers for a basket of household furnishings, equipment, and routine maintenance goods and services.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into inflationary pressures and consumption patterns specifically within the household goods and services sector, which is an important component of the overall Indian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail prices for a representative basket of household goods and services in India.
Q: How is this trend used in economic policy?
A: This CPI subindex is monitored by the Reserve Bank of India and other institutions to help inform monetary and fiscal policy decisions aimed at managing inflation and supporting household consumption.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 2-3 weeks. There may be some limitations in geographical and product coverage compared to the headline CPI.
Related Trends
Amount Outstanding Due within One Year of International Debt Securities for All Issuers, Residence of Issuer in India
IDS1YMAORIAIIN
Amount Outstanding Due within One Year of International Debt Securities for Non-financial Corporations Sector, Residence of Issuer in India
IDS1YMAORINCIN
International Trade: Ratio: Exports to Imports: Total for India
XTEITT01INQ156S
Value of Exports to India from Nebraska
NEINDA052SCEN
Number of Identified Exporters to India from Tennessee
TNINDA475SCEN
Geographical Outreach: Number of Branches in 3 Largest Cities, Excluding Headquarters, for Commercial Banks for India
INDFCBODCLNUM
Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for India (INDCP050000GYM), retrieved from FRED.