Consumer Price Index: Health (COICOP 06): Total for India
INDCP060000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
146.90
Year-over-Year Change
8.01%
Date Range
1/1/2013 - 5/1/2019
Summary
The Consumer Price Index (CPI) for Health in India measures changes in the retail prices of a basket of consumer goods and services related to healthcare. It is a key indicator of inflationary pressures and cost-of-living changes in the Indian economy.
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 is a subcomponent of the overall CPI that tracks price movements for a wide range of medical goods and services, including hospital services, medications, and medical equipment. It is used by policymakers, economists, and consumers to assess the affordability of healthcare and monitor the impact of inflation on household budgets.
Methodology
The data is collected by India's Ministry of Statistics and Programme Implementation through regular price surveys across major urban and rural markets.
Historical Context
The CPI for Health is a critical input for the Reserve Bank of India in setting monetary policy and managing inflation targets.
Key Facts
- The base year for the Indian CPI is 2012.
- Health accounts for about 5.9% of the overall CPI basket in India.
- India's CPI for Health has risen by over 50% since 2012.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Health in India measures changes in the retail prices of a basket of consumer goods and services related to healthcare.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Health is a key indicator of inflationary pressures and cost-of-living changes in the Indian economy, used by policymakers, economists, and consumers to assess the affordability of healthcare.
Q: How is this data collected or calculated?
A: The data is collected by India's Ministry of Statistics and Programme Implementation through regular price surveys across major urban and rural markets.
Q: How is this trend used in economic policy?
A: The CPI for Health is a critical input for the Reserve Bank of India in setting monetary policy and managing inflation targets.
Q: Are there update delays or limitations?
A: The CPI for Health in India is published on a monthly basis with a short lag, providing timely data for policymakers and analysts.
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Citation
U.S. Federal Reserve, Consumer Price Index: Health (COICOP 06): Total for India (INDCP060000IXNBM), retrieved from FRED.