Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for India
INDCP060000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.01
Year-over-Year Change
35.41%
Date Range
1/1/2014 - 5/1/2019
Summary
The Consumer Price Index (CPI) for Health in India measures the change in prices for a basket of healthcare-related goods and services. It is a key indicator of inflationary pressures in the Indian healthcare 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 for Health in India tracks the cost of medical care, including pharmaceuticals, hospital services, and other health-related expenditures. It is a subcomponent of the broader CPI, which measures overall consumer price inflation. Economists and policymakers use the health CPI to understand healthcare affordability and its impact on the cost of living.
Methodology
The data is collected through regular price surveys of a representative sample of healthcare products and services across India.
Historical Context
The health CPI is used to inform monetary policy decisions and assess the effectiveness of government programs aimed at controlling healthcare costs.
Key Facts
- The base year for the India health CPI is 2012.
- Health accounts for around 5% of the overall CPI basket in India.
- India's health CPI has risen by an average of 6.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Health in India measures the change in prices for a basket of healthcare-related goods and services, including pharmaceuticals, hospital services, and other medical expenditures.
Q: Why is this trend relevant for users or analysts?
A: The health CPI is a key indicator of inflationary pressures in the Indian healthcare sector, which is useful for economists and policymakers to understand healthcare affordability and its impact on the overall cost of living.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys of a representative sample of healthcare products and services across India.
Q: How is this trend used in economic policy?
A: The health CPI is used to inform monetary policy decisions and assess the effectiveness of government programs aimed at controlling healthcare costs in India.
Q: Are there update delays or limitations?
A: The health CPI data is published on a monthly basis, with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for India (INDCP060000GYM), retrieved from FRED.