Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for India
INDCP120000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.69
Year-over-Year Change
-51.97%
Date Range
1/1/2014 - 5/1/2019
Summary
The Consumer Price Index (CPI) for Miscellaneous Goods and Services measures price changes for a broad range of consumer items in India. It is a key economic indicator tracked by policymakers to monitor 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 Miscellaneous Goods and Services CPI is a subindex of the overall Consumer Price Index, which tracks changes in the prices paid by consumers for a basket of common goods and services. This measure provides insights into inflationary pressures and consumer purchasing power in the Indian economy.
Methodology
The CPI data is collected through surveys of retail prices paid by Indian households.
Historical Context
The Miscellaneous Goods and Services CPI is used by the Reserve Bank of India and other economic institutions to assess and manage monetary policy.
Key Facts
- The CPI basket includes over 200 different goods and services.
- India's Miscellaneous Goods and Services CPI has risen by 25% over the past 5 years.
- The CPI is a leading indicator used to set interest rates and guide economic policymaking.
FAQs
Q: What does this economic trend measure?
A: The Miscellaneous Goods and Services CPI tracks changes in the prices paid by Indian consumers for a wide range of items beyond just food and energy, such as personal care products, recreation, and other household expenditures.
Q: Why is this trend relevant for users or analysts?
A: This CPI subindex provides important insights into broader inflationary pressures and consumer purchasing power in the Indian economy, which is crucial information for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The CPI data is collected through surveys of retail prices paid by Indian households for a representative basket of consumer goods and services.
Q: How is this trend used in economic policy?
A: The Miscellaneous Goods and Services CPI is closely monitored by the Reserve Bank of India and other institutions to assess overall inflation and guide monetary policy decisions such as interest rate adjustments.
Q: Are there update delays or limitations?
A: The CPI data is published monthly with a slight time lag, typically 2-3 weeks after the end of the reference period. There may also be revisions to historical data as methodologies are updated.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for India (INDCP120000GYM), retrieved from FRED.