Dark Mode
Historical Commodity Prices in India
Retail & Consumer Behavior
Tags and Keywords
Trusted By
"No reviews yet"
Free
About
The data contains retail prices for common commodities in India observed between 2001 and 2021. The purpose is to allow for deep-dive analysis into the historical price variation of day-to-day items, such as fruits, vegetables, and textiles. The collection captures weekly and monthly price points, enabling users to explore trends related to inflation and price sensitivity, particularly concerning external factors like petrol prices. It details generalized commodity categories but does not include brand-specific information.
Columns
- State: Identifies the specific Indian state (e.g., Tamil Nadu, Maharashtra).
- Centre: Specifies the market centre or major district within the state (e.g., Kurnool, Mumbai).
- Commodity: The name of the retail item (e.g., Rice, Fish, Saree).
- Variety: Provides the subtype or detail of the commodity (e.g., a specific size or quality).
- Unit: The unit of measurement used for pricing (e.g., Kg, Litre, Dozens).
- Category: Classifies the item as either food or non-food.
- Date: The date of the price record, provided on a weekly or monthly basis.
- Retail price: The price of the commodity denominated in Indian rupees.
Distribution
The file consists of data points relating to monthly retail prices. State, Centre, Unit, Category, and Date columns contain approximately 1.15 million valid records. While the majority of columns are fully populated, note that the 'Variety' column has 18% missing data, and the 'Retail Price' column shows 50% missing values. The recorded retail prices range from 0.5 rupees up to 20,000 rupees.
Usage
This data is suitable for analysts seeking to determine which commodities experienced the greatest or least increase in retail price since 2001. It is valuable for studying how specific commodity prices react to or correlate with variations in gasoline, petrol, or diesel costs. Ideal applications include exploratory data analysis, economic modelling, and investment research concerning commodity price volatility.
Coverage
The scope covers the retail prices of various commodities across different Indian states and their major market centres. The time series extends from January 2001 through to March 2021. The dataset includes both food and non-food items.
License
CC0: Public Domain
Who Can Use It
Intended users include economists and academic researchers investigating inflation and long-term price trends in emerging economies. Data scientists can employ the data for time-series forecasting and regression analysis to model price sensitivity. Policy analysts and government bodies may use the information to track the cost of living and the impact of fuel price changes on essential goods.
Dataset Name Suggestions
- Indian Retail Price Dynamics (2001-2021)
- Historical Commodity Prices in India
- Retail Price Variations by State and Market, India
- India Inflation Indicators (2001-2021)
Attributes
Original Data Source: Historical Commodity Prices in India
QUALITYLoading...