Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for India
INDCP090000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.52
Year-over-Year Change
20.34%
Date Range
1/1/2014 - 5/1/2019
Summary
The Consumer Price Index (CPI) for Recreation and Culture in India measures changes in the prices of goods and services related to leisure activities, entertainment, and cultural participation. This metric is a key indicator of consumer spending patterns and inflationary pressures 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 Recreation and Culture CPI is a subcomponent of the overall Consumer Price Index, a widely-used measure of general price level changes in India. It provides insights into consumer demand and preferences for discretionary goods and services, which can inform economic policymaking and business strategy.
Methodology
The CPI data is collected through household surveys by India's Ministry of Statistics and Programme Implementation.
Historical Context
Policymakers and analysts use the Recreation and Culture CPI to assess the impact of inflation on household budgets and consumer behavior.
Key Facts
- The Recreation and Culture CPI has a weight of 3.66% in India's overall CPI basket.
- In 2022, the average annual growth rate of the Recreation and Culture CPI was 5.3%.
- Prices for cultural services, such as theater tickets and museum admissions, are included in this CPI component.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Recreation and Culture in India measures changes in the prices of goods and services related to leisure activities, entertainment, and cultural participation.
Q: Why is this trend relevant for users or analysts?
A: The Recreation and Culture CPI provides insights into consumer demand and preferences for discretionary goods and services, which can inform economic policymaking and business strategy.
Q: How is this data collected or calculated?
A: The CPI data is collected through household surveys by India's Ministry of Statistics and Programme Implementation.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Recreation and Culture CPI to assess the impact of inflation on household budgets and consumer behavior.
Q: Are there update delays or limitations?
A: The 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: Recreation and Culture for India (INDCP090000GYM), retrieved from FRED.