We report average expected inflation rates over the next one through 30 years. Our estimates of expected inflation rates are calculated using a Federal Reserve Bank of Cleveland model that combines financial data and survey-based measures. Released monthly.

Context

Consumer Price Indices (CPI) measure changes over time in general level of prices of goods and services that households acquire for the purpose of consumption. CPI numbers are widely used as a macroeconomic indicator of inflation, as a tool by governments and central banks for inflation targeting and for monitoring price stability, and as deflators in the national accounts. CPI is also used for indexing dearness allowance to employees for increase in prices. CPI is therefore considered as one of the most important economic indicators. For construction of CPI numbers, two requisite components are weighting diagrams (consumption patterns) and price data collected at regular intervals.

Content

The data refers to group wise all India Consumer Price Index for Rural & Urban with base year 2010.

Acknowledgements

• The dataset is published by Central Statistical Office.
• This data is sourced from India's Goverment's Open Data website: data.gov.in
• Released Under: National Data Sharing and Accessibility Policy (NDSAP)

Inspiration

This can be used for various purposes including tasks such as exploring growth/inflation in India over the time.

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