Burkina Faso - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Burkina Faso was 114.43 as of 2021. As the graph below shows, over the past 61 years this indicator reached a maximum value of 114.43 in 2021 and a minimum value of 10.71 in 1960.

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
1960 10.71
1961 12.70
1962 12.91
1963 13.63
1964 13.89
1965 13.78
1966 14.11
1967 13.50
1968 13.46
1969 14.76
1970 15.02
1971 15.33
1972 14.88
1973 16.01
1974 17.41
1975 20.68
1976 18.94
1977 24.62
1978 26.66
1979 30.65
1980 34.39
1981 36.99
1982 41.45
1983 44.83
1984 47.01
1985 50.25
1986 48.94
1987 47.63
1988 49.65
1989 49.41
1990 49.16
1991 50.23
1992 49.23
1993 49.50
1994 61.96
1995 66.59
1996 70.65
1997 72.28
1998 75.96
1999 75.14
2000 74.92
2001 78.67
2002 80.38
2003 82.01
2004 81.69
2005 86.93
2006 88.95
2007 88.75
2008 98.21
2009 100.77
2010 100.00
2011 102.76
2012 106.68
2013 107.25
2014 106.98
2015 107.75
2016 108.23
2017 109.83
2018 111.98
2019 108.36
2020 110.40
2021 114.43

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