Togo - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Togo was 115.38 as of 2020. As the graph below shows, over the past 54 years this indicator reached a maximum value of 115.38 in 2020 and a minimum value of 9.35 in 1967.

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
1966 9.58
1967 9.35
1968 9.38
1969 9.95
1970 10.39
1971 11.07
1972 11.92
1973 12.35
1974 13.94
1975 16.45
1976 18.36
1977 22.48
1978 22.58
1979 24.29
1980 27.28
1981 32.65
1982 36.29
1983 39.68
1984 38.28
1985 37.59
1986 39.14
1987 39.16
1988 39.10
1989 38.77
1990 39.17
1991 39.32
1992 39.87
1993 39.46
1994 54.92
1995 63.94
1996 66.94
1997 72.46
1998 73.17
1999 73.13
2000 74.49
2001 77.41
2002 79.78
2003 79.04
2004 79.35
2005 84.73
2006 86.62
2007 87.44
2008 95.05
2009 98.57
2010 100.00
2011 103.56
2012 106.23
2013 108.17
2014 108.38
2015 111.18
2016 112.61
2017 111.50
2018 112.54
2019 113.31
2020 115.38

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