Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for India
INDCP070000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.60
Year-over-Year Change
-76.28%
Date Range
1/1/2014 - 5/1/2019
Summary
The Consumer Price Index (CPI) for Transport in India measures the change in prices paid by consumers for a basket of transportation-related goods and services. It is a key economic indicator used to track inflation and inform policy decisions.
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 Transport CPI for India is a subcomponent of the overall Consumer Price Index, which measures the change in the cost of living over time. The Transport CPI specifically tracks price changes for items like fuel, public transportation, and vehicle purchases and maintenance.
Methodology
The data is collected through surveys of Indian households and businesses by the Central Statistics Office.
Historical Context
The Transport CPI is closely monitored by the Reserve Bank of India and other policymakers to assess inflationary pressures and cost-of-living trends.
Key Facts
- The Transport CPI accounts for about 8.59% of the overall Indian CPI basket.
- India's Transport CPI reached a record high of 173.1 in March 2023.
- Rising fuel and vehicle costs have been a key driver of increases in the Transport CPI.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Transport in India measures the change in prices paid by consumers for a basket of transportation-related goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Transport CPI is a key indicator of inflationary pressures and cost-of-living trends in India, and is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Indian households and businesses by the Central Statistics Office.
Q: How is this trend used in economic policy?
A: The Transport CPI is used by the Reserve Bank of India and other policymakers to assess inflationary pressures and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Transport CPI data is typically released on a monthly basis with a short lag, making it a timely indicator of economic conditions.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for India (INDCP070000GYM), retrieved from FRED.