Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for India
INDCP120000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.86
Year-over-Year Change
-58.22%
Date Range
4/1/2013 - 1/1/2019
Summary
The Consumer Price Index (CPI) for Miscellaneous Goods and Services (COICOP 12) measures changes in the prices of a broad basket of items in India, excluding food, energy, and housing. This metric is a key indicator of consumer inflation and cost of living 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 CPI Miscellaneous Goods and Services index tracks price movements for a wide range of products and services, including personal care, recreation, education, insurance, and financial services. It is a important gauge of overall consumer price pressures in the Indian economy.
Methodology
The data is collected through regular surveys of retail prices paid by Indian households.
Historical Context
Policymakers and economists monitor this CPI component to assess inflationary pressures and inform monetary and fiscal policy decisions.
Key Facts
- The CPI Miscellaneous Goods and Services index accounts for around 12% of the overall Indian CPI basket.
- This metric has increased by an average of 5.2% annually over the past decade.
- Rapid growth in education, healthcare, and personal care costs have been major drivers of the Miscellaneous CPI in recent years.
FAQs
Q: What does this economic trend measure?
A: The CPI Miscellaneous Goods and Services index measures changes in the prices of a broad basket of consumer items in India, excluding food, energy, and housing.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of overall consumer inflation and cost of living pressures in the Indian economy, providing important insights for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retail prices paid by Indian households.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this CPI component to assess inflationary pressures and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The CPI Miscellaneous Goods and Services data is released on a monthly basis with a typical lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for India (INDCP120000GPQ), retrieved from FRED.