Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for India
INDCP090000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.70
Year-over-Year Change
19.68%
Date Range
1/1/2014 - 1/1/2019
Summary
The Consumer Price Index (CPI) for Recreation and Culture in India measures changes in the prices of goods and services related to recreational activities and cultural pursuits, providing insights into consumer spending patterns and inflation trends.
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 subindex of the overall Consumer Price Index, which tracks changes in the prices paid by consumers for a basket of goods and services. This index specifically focuses on the recreation and cultural expenditures of Indian households, such as entertainment, sporting events, and cultural activities.
Methodology
The data is collected by India's Ministry of Statistics and Programme Implementation through a nationwide survey of consumer prices.
Historical Context
This index is closely monitored by policymakers, economists, and investors to assess the state of the Indian economy and consumer demand.
Key Facts
- The base year for the India Recreation and Culture CPI is 2012.
- This index is released monthly by the Ministry of Statistics and Programme Implementation.
- Recreation and Culture accounts for around 6% of the overall Indian CPI basket.
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 recreational activities and cultural pursuits.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into consumer spending patterns and inflation trends in the recreation and culture sector, which is an important component of the overall Indian economy.
Q: How is this data collected or calculated?
A: The data is collected by India's Ministry of Statistics and Programme Implementation through a nationwide survey of consumer prices.
Q: How is this trend used in economic policy?
A: This index is closely monitored by policymakers, economists, and investors to assess the state of the Indian economy and consumer demand.
Q: Are there update delays or limitations?
A: The Recreation and Culture CPI for India is released monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for India (INDCP090000GYQ), retrieved from FRED.