St. Kitts and Nevis - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in St. Kitts and Nevis was 104.24 as of 2021. As the graph below shows, over the past 42 years this indicator reached a maximum value of 108.15 in 2014 and a minimum value of 31.65 in 1979.

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
1979 31.65
1980 37.27
1981 41.17
1982 43.61
1983 44.61
1984 45.82
1985 47.03
1986 47.02
1987 47.47
1988 47.59
1989 50.05
1990 52.05
1991 54.30
1992 55.86
1993 56.86
1994 57.68
1995 59.38
1996 60.62
1997 66.02
1998 68.30
1999 70.59
2000 72.11
2001 73.77
2002 75.28
2003 76.96
2004 78.74
2005 81.40
2006 88.31
2007 92.27
2008 97.16
2009 99.16
2010 100.00
2011 105.84
2012 106.70
2013 107.88
2014 108.15
2015 105.66
2016 104.93
2017 105.66
2018 104.57
2019 104.22
2020 103.00
2021 104.24

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