Gabon - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Gabon was 124.07 as of 2020. As the graph below shows, over the past 58 years this indicator reached a maximum value of 124.07 in 2020 and a minimum value of 9.32 in 1962.

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
1962 9.32
1963 9.98
1964 10.32
1965 10.57
1966 10.95
1967 11.17
1968 11.43
1969 11.77
1970 12.22
1971 12.69
1972 13.13
1973 13.95
1974 15.63
1975 20.08
1976 24.13
1977 27.48
1978 30.43
1979 32.85
1980 36.91
1981 40.12
1982 46.82
1983 51.81
1984 54.85
1985 58.88
1986 62.58
1987 61.99
1988 56.55
1989 60.36
1990 65.03
1991 57.43
1992 51.95
1993 52.22
1994 71.09
1995 77.94
1996 78.48
1997 81.60
1998 82.78
1999 81.18
2000 81.59
2001 83.33
2002 83.36
2003 85.23
2004 85.57
2005 88.75
2006 87.50
2007 91.90
2008 96.74
2009 98.56
2010 100.00
2011 101.26
2012 103.95
2013 104.47
2014 109.38
2015 109.00
2016 111.30
2017 114.25
2018 119.68
2019 122.63
2020 124.07

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