Central African Republic - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Central African Republic was 155.28 as of 2020. As the graph below shows, over the past 40 years this indicator reached a maximum value of 155.28 in 2020 and a minimum value of 36.76 in 1981.

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
1980 36.78
1981 36.76
1982 41.65
1983 47.74
1984 48.95
1985 54.05
1986 55.27
1987 51.41
1988 49.37
1989 49.71
1990 49.70
1991 48.33
1992 47.83
1993 46.43
1994 57.84
1995 68.94
1996 71.51
1997 72.66
1998 71.29
1999 70.29
2000 72.54
2001 75.32
2002 77.08
2003 80.26
2004 78.60
2005 80.87
2006 86.29
2007 87.11
2008 95.18
2009 98.53
2010 100.00
2011 101.19
2012 106.74
2013 114.20
2014 131.21
2015 133.05
2016 139.63
2017 145.47
2018 147.82
2019 151.79
2020 155.28

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