Consumer Price Index: Recreation and Culture (COICOP 09): Total for India
INDCP090000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.50
Year-over-Year Change
5.52%
Date Range
1/1/2013 - 5/1/2019
Summary
The Consumer Price Index: Recreation and Culture (COICOP 09) measures changes in the prices of goods and services related to recreation and culture for Indian consumers. This index is a key indicator of consumer spending patterns and overall economic activity.
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: Recreation and Culture (COICOP 09) tracks the prices of a basket of goods and services related to recreation, entertainment, and cultural activities in India. This index is used by economists and policymakers to understand consumer behavior and inflationary pressures in the recreation and culture sector.
Methodology
The data is collected through surveys of Indian households and businesses by the Ministry of Statistics and Programme Implementation.
Historical Context
Trends in the Recreation and Culture CPI are monitored by the Reserve Bank of India and other institutions to assess consumer demand and guide economic policy decisions.
Key Facts
- The base year for the Recreation and Culture CPI is 2012.
- This index covers a wide range of goods and services, from sporting equipment to movie tickets.
- The Recreation and Culture CPI is a subcomponent of the overall Consumer Price Index for India.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Recreation and Culture (COICOP 09) measures changes in the prices of goods and services related to recreation, entertainment, and cultural activities in India.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of consumer spending patterns and inflationary pressures in the recreation and culture sector, which is closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Indian households and businesses by the Ministry of Statistics and Programme Implementation.
Q: How is this trend used in economic policy?
A: Trends in the Recreation and Culture CPI are monitored by the Reserve Bank of India and other institutions to assess consumer demand and guide economic policy decisions.
Q: Are there update delays or limitations?
A: The Recreation and Culture CPI data is published on a monthly basis with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Recreation and Culture (COICOP 09): Total for India (INDCP090000IXNBM), retrieved from FRED.