Aruba - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Aruba was 109.53 as of 2019. As the graph below shows, over the past 39 years this indicator reached a maximum value of 109.53 in 2019 and a minimum value of 31.98 in 1980.

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:

1980
1982
1984
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1990
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1998
2000
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2010
2012
2014
2016
2018
2020
0.00
20.00
40.00
60.00
80.00
100.00
120.00
140.00
Year Value
1980 31.98
1984 39.86
1985 41.46
1986 41.91
1987 43.44
1988 44.79
1989 46.58
1990 49.30
1991 52.04
1992 54.05
1993 56.87
1994 60.46
1995 62.50
1996 64.51
1997 66.45
1998 67.69
1999 69.23
2000 72.03
2001 74.11
2002 76.57
2003 79.36
2004 81.37
2005 84.14
2006 87.17
2007 91.87
2008 100.10
2009 97.96
2010 100.00
2011 104.32
2012 104.97
2013 102.48
2014 102.91
2015 103.40
2016 102.44
2017 101.39
2018 105.06
2019 109.53

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