St. Lucia - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in St. Lucia was 108.78 as of 2020. As the graph below shows, over the past 55 years this indicator reached a maximum value of 112.46 in 2014 and a minimum value of 8.20 in 1965.

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
1965 8.20
1966 8.40
1967 8.67
1968 9.02
1969 9.22
1970 10.46
1971 11.33
1972 12.23
1973 13.87
1974 18.62
1975 21.92
1976 24.04
1977 26.17
1978 29.02
1979 31.74
1980 37.93
1981 43.66
1982 45.68
1983 46.35
1984 46.91
1985 47.58
1986 48.62
1987 52.03
1988 52.46
1989 54.76
1990 57.10
1991 60.61
1992 63.72
1993 64.26
1994 66.07
1995 69.79
1996 70.44
1997 70.43
1998 72.69
1999 75.23
2000 78.03
2001 82.17
2002 81.96
2003 82.81
2004 84.01
2005 87.29
2006 89.38
2007 91.90
2008 97.00
2009 96.85
2010 100.00
2011 102.77
2012 107.06
2013 108.64
2014 112.46
2015 111.35
2016 107.92
2017 108.03
2018 110.13
2019 110.72
2020 108.78

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