Equatorial Guinea - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Equatorial Guinea was 130.28 as of 2020. As the graph below shows, over the past 35 years this indicator reached a maximum value of 130.28 in 2020 and a minimum value of 27.08 in 1987.

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
1985 37.87
1986 31.19
1987 27.08
1988 27.76
1989 29.48
1990 29.73
1991 28.71
1992 27.48
1993 28.98
1994 38.21
1995 45.80
1996 47.88
1997 49.33
1998 53.24
1999 53.44
2000 56.01
2001 60.95
2002 65.58
2003 70.38
2004 73.35
2005 77.48
2006 80.90
2007 83.17
2008 88.62
2009 92.77
2010 100.00
2011 104.81
2012 108.64
2013 111.84
2014 116.66
2015 118.62
2016 120.29
2017 121.19
2018 122.83
2019 124.35
2020 130.28

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