Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for India
INDCP070000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.78
Year-over-Year Change
216.47%
Date Range
1/1/2014 - 1/1/2019
Summary
The Consumer Price Index (CPI) for Transport in India measures the change in prices paid by consumers for transportation-related goods and services. This key economic indicator provides insights into inflationary pressures and consumer purchasing power.
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 is a component of the overall Consumer Price Index, one of the primary measures of inflation in the Indian economy. It tracks the prices of a basket of transportation-related items, including fuel, public transit fares, vehicle purchases, and maintenance costs.
Methodology
The data is collected through surveys of consumer expenditures and prices across urban and rural India.
Historical Context
The Transport CPI is closely monitored by policymakers, businesses, and consumers to assess the impact of transportation costs on the broader cost of living.
Key Facts
- The base year for the India Transport CPI is 2012.
- Transportation accounts for approximately 8.6% of the total CPI basket in India.
- The Transport CPI has risen by an average of 4.5% annually over the past 5 years.
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 transportation-related goods and services, including fuel, public transit, and vehicle costs.
Q: Why is this trend relevant for users or analysts?
A: The Transport CPI is a key component of the overall CPI, providing insights into inflationary pressures and the impact of transportation costs on the broader cost of living in India.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices across urban and rural India.
Q: How is this trend used in economic policy?
A: The Transport CPI is closely monitored by policymakers, businesses, and consumers to assess the impact of transportation costs on the broader economy and cost of living.
Q: Are there update delays or limitations?
A: The Transport CPI data is published monthly with a typical lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for India (INDCP070000GYQ), retrieved from FRED.