National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for India
Index 2015=100, Annual
NAEXKP01INA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
141.75
Year-over-Year Change
72.94%
Date Range
1/1/2012 - 1/1/2022
Summary
The Index 2015=100, Annual series measures the annual change in the index of consumer prices for India. This key indicator is closely watched by economists and policymakers to assess inflation and consumer purchasing power.
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
This index tracks the average change in prices paid by consumers for a basket of goods and services. It is a widely used metric for understanding the cost of living and the overall health of the Indian economy.
Methodology
The data is collected through household surveys and compiled by India's National Statistical Office.
Historical Context
The Index 2015=100, Annual is a vital input for monetary policy decisions by the Reserve Bank of India.
Key Facts
- The base year for this index is 2015.
- India's CPI reached a high of 7.8% in 2022.
- The RBI targets an inflation rate of 4% +/- 2%.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Annual series measures the year-over-year change in consumer prices in India. It tracks the average change in the cost of a basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation and consumer purchasing power in India. It is closely monitored by policymakers, investors, and economists to assess the state of the Indian economy.
Q: How is this data collected or calculated?
A: The data is collected through household surveys by India's National Statistical Office and compiled into the Index 2015=100, Annual.
Q: How is this trend used in economic policy?
A: The Index 2015=100, Annual is a vital input for monetary policy decisions by the Reserve Bank of India, which targets an inflation rate of 4% +/- 2%.
Q: Are there update delays or limitations?
A: There can be lags of several months in the release of the Index 2015=100, Annual data by the Indian government.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (NAEXKP01INA661S), retrieved from FRED.