Consumer Price Index: Transport (COICOP 07): Total for India
INDCP070000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.08
Year-over-Year Change
-107.49%
Date Range
2/1/2013 - 5/1/2019
Summary
The Consumer Price Index: Transport (COICOP 07): Total for India measures changes in the prices of transportation-related goods and services in India. This key economic indicator helps policymakers and analysts track inflationary pressures and consumer behavior.
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 Consumer Price Index: Transport (COICOP 07): Total for India is a subcomponent of the overall Indian CPI. It tracks the costs of a basket of transportation-related items, including private and public transportation, fuels, and vehicle maintenance. This metric is widely used to assess trends in consumer spending and gauge the state of the Indian economy.
Methodology
The data is collected through a nationwide survey of consumer prices by India's Ministry of Statistics and Programme Implementation.
Historical Context
The transport CPI is a crucial input for monetary policy decisions by the Reserve Bank of India and can influence consumer confidence and market expectations.
Key Facts
- India's transport CPI has a weight of around 8.59% in the overall CPI basket.
- The transport CPI reached a record high of 149.4 in November 2022.
- Transportation costs are a significant portion of household budgets in India.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Transport (COICOP 07): Total for India measures changes in the prices of transportation-related goods and services in India, including private and public transportation, fuels, and vehicle maintenance.
Q: Why is this trend relevant for users or analysts?
A: This transport CPI metric is a crucial indicator of inflationary pressures and consumer spending patterns in India, providing important insights for policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices by India's Ministry of Statistics and Programme Implementation.
Q: How is this trend used in economic policy?
A: The transport CPI is a key input for monetary policy decisions by the Reserve Bank of India and can influence consumer confidence and market expectations.
Q: Are there update delays or limitations?
A: The transport CPI data for India is published monthly with a typical lag of around 2 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Transport (COICOP 07): Total for India (INDCP070000GPM), retrieved from FRED.