Cabo Verde - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Cabo Verde was 111.17 as of 2020. As the graph below shows, over the past 37 years this indicator reached a maximum value of 111.17 in 2020 and a minimum value of 29.56 in 1983.

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
1983 29.56
1984 32.89
1985 34.66
1986 38.43
1987 39.91
1988 41.53
1989 43.43
1990 48.05
1991 52.64
1992 54.28
1993 57.42
1994 59.41
1995 64.37
1996 68.21
1997 74.04
1998 77.30
1999 80.66
2000 78.67
2001 81.30
2002 82.83
2003 83.82
2004 82.23
2005 82.58
2006 87.01
2007 90.85
2008 97.00
2009 97.96
2010 100.00
2011 104.47
2012 107.13
2013 108.74
2014 108.48
2015 108.62
2016 107.10
2017 107.94
2018 109.29
2019 110.50
2020 111.17

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