Vanuatu - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Vanuatu was 117.13 as of 2019. As the graph below shows, over the past 43 years this indicator reached a maximum value of 117.13 in 2019 and a minimum value of 19.57 in 1976.

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
1976 19.57
1977 20.70
1978 22.02
1979 22.94
1980 25.52
1981 32.37
1982 34.53
1983 35.10
1984 37.04
1985 37.44
1986 39.22
1987 45.51
1988 49.50
1989 53.33
1990 55.87
1991 59.48
1992 61.90
1993 64.11
1994 65.58
1995 67.04
1996 67.65
1997 69.57
1998 71.85
1999 73.29
2000 75.15
2001 77.83
2002 79.36
2003 81.76
2004 82.92
2005 83.91
2006 85.62
2007 88.99
2008 93.30
2009 97.31
2010 100.00
2011 100.87
2012 102.23
2013 103.72
2014 104.55
2015 107.15
2016 108.05
2017 111.38
2018 113.98
2019 117.13

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