Prices: Consumer Price Index for India
INDPCPIPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
-12.93%
Date Range
1/1/1990 - 1/1/2029
Summary
The Consumer Price Index for India (CPI) is a key economic indicator that measures the changes in the average price level of a basket of consumer goods and services purchased by households. It serves as an important barometer for inflation and is widely used by policymakers, economists, and market analysts.
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 for India is a comprehensive measure of the cost of living and is calculated based on the prices of a representative basket of goods and services consumed by urban and rural households. It is a widely tracked economic indicator that provides insights into the purchasing power of the Indian rupee and helps guide monetary policy decisions.
Methodology
The data is collected by India's Ministry of Statistics and Programme Implementation through a nationwide survey of retail prices.
Historical Context
The CPI is a crucial input for the Reserve Bank of India's monetary policy decisions and is closely monitored by investors, businesses, and international organizations.
Key Facts
- The base year for the Indian CPI is 2012.
- The CPI basket includes over 300 items from 12 broad groups.
- India's CPI reached a high of 7.8% in April 2022.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for India (CPI) measures the changes in the average price level of a basket of consumer goods and services purchased by households in India.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a crucial indicator of inflation in India and is widely used by policymakers, economists, and market participants to assess the purchasing power of the Indian rupee and guide monetary policy decisions.
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 retail prices.
Q: How is this trend used in economic policy?
A: The CPI is a key input for the Reserve Bank of India's monetary policy decisions, as it helps the central bank monitor and manage inflation in the country.
Q: Are there update delays or limitations?
A: The CPI data for India is published on a monthly basis, with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Prices: Consumer Price Index for India (INDPCPIPCPPPT), retrieved from FRED.