Macao SAR, China - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Macao SAR, China was 145.21 as of 2020. As the graph below shows, over the past 32 years this indicator reached a maximum value of 145.21 in 2020 and a minimum value of 45.61 in 1988.

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
1988 45.61
1989 49.61
1990 53.56
1991 58.69
1992 63.21
1993 67.45
1994 71.67
1995 77.80
1996 81.56
1997 84.40
1998 84.55
1999 81.84
2000 80.52
2001 78.93
2002 76.84
2003 75.64
2004 76.38
2005 79.74
2006 83.85
2007 88.52
2008 96.14
2009 97.27
2010 100.00
2011 105.81
2012 112.27
2013 118.44
2014 125.61
2015 131.34
2016 134.45
2017 136.10
2018 140.19
2019 144.05
2020 145.21

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