Niger - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Niger was 116.81 as of 2021. As the graph below shows, over the past 58 years this indicator reached a maximum value of 116.81 in 2021 and a minimum value of 11.67 in 1963.

Definition: Consumer price index reflects changes in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Data are period averages.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1963 11.67
1964 11.78
1965 12.30
1966 13.60
1967 13.66
1968 13.26
1969 14.67
1970 14.83
1971 15.46
1972 16.96
1973 18.96
1974 19.61
1975 21.39
1976 26.43
1977 32.57
1978 35.86
1979 38.47
1980 42.43
1981 52.15
1982 58.23
1983 56.78
1984 61.52
1985 60.96
1986 59.00
1987 55.04
1988 54.27
1989 52.73
1990 52.32
1991 48.24
1992 46.08
1993 45.52
1994 61.93
1995 68.47
1996 72.09
1997 74.21
1998 77.58
1999 75.80
2000 78.00
2001 81.12
2002 83.25
2003 81.91
2004 82.12
2005 88.53
2006 88.56
2007 88.61
2008 98.63
2009 99.20
2010 100.00
2011 102.94
2012 103.41
2013 105.79
2014 104.80
2015 104.20
2016 105.92
2017 108.88
2018 112.12
2019 109.32
2020 112.49
2021 116.81

Development Relevance: A general and continuing increase in an economy’s price level is called inflation. The increase in the average prices of goods and services in the economy should be distinguished from a change in the relative prices of individual goods and services. Generally accompanying an overall increase in the price level is a change in the structure of relative prices, but it is only the average increase, not the relative price changes, that constitutes inflation. A commonly used measure of inflation is the consumer price index, which measures the prices of a representative basket of goods and services purchased by a typical household. The consumer price index is usually calculated on the basis of periodic surveys of consumer prices. Other price indices are derived implicitly from indexes of current and constant price series.

Limitations and Exceptions: Consumer price indexes should be interpreted with caution. The definition of a household, the basket of goods, and the geographic (urban or rural) and income group coverage of consumer price surveys can vary widely by country. In addition, weights are derived from household expenditure surveys, which, for budgetary reasons, tend to be conducted infrequently in developing countries, impairing comparability over time. Although useful for measuring consumer price inflation within a country, consumer price indexes are of less value in comparing countries.

Statistical Concept and Methodology: Consumer price indexes are constructed explicitly, using surveys of the cost of a defined basket of consumer goods and services.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices