Dominica - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Dominica was 105.21 as of 2021. As the graph below shows, over the past 57 years this indicator reached a maximum value of 105.43 in 2019 and a minimum value of 7.98 in 1964.

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
1964 7.98
1966 8.38
1967 8.46
1968 8.91
1969 9.29
1970 10.44
1971 10.82
1972 11.21
1973 12.57
1974 16.89
1975 20.25
1976 22.46
1977 24.60
1978 26.50
1980 41.50
1981 47.00
1982 49.07
1983 51.11
1984 52.24
1985 54.19
1986 55.70
1987 57.94
1988 59.63
1989 63.34
1990 65.36
1991 68.99
1992 72.77
1993 73.91
1994 73.92
1995 74.90
1996 76.15
1997 78.01
1998 78.79
1999 79.72
2000 80.40
2001 81.45
2002 81.59
2003 82.77
2004 84.75
2005 86.18
2006 88.08
2007 91.28
2008 97.08
2009 97.09
2010 100.00
2011 101.13
2012 102.50
2013 102.46
2014 103.27
2015 102.40
2016 102.55
2017 102.85
2018 103.87
2019 105.43
2020 104.67
2021 105.21

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