Lesotho - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Lesotho was 173.51 as of 2021. As the graph below shows, over the past 48 years this indicator reached a maximum value of 173.51 in 2021 and a minimum value of 4.19 in 1973.

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
1973 4.19
1974 4.75
1975 5.42
1976 6.04
1977 7.05
1978 8.00
1979 9.28
1980 10.79
1981 12.13
1982 13.61
1983 15.99
1984 17.74
1985 20.11
1986 23.73
1987 26.52
1988 29.55
1989 33.91
1990 37.85
1991 44.54
1992 52.21
1993 59.06
1994 63.92
1995 69.84
1996 76.36
1999 47.76
2000 50.69
2001 45.81
2002 61.30
2003 65.37
2004 68.65
2005 71.01
2006 75.32
2007 81.36
2008 90.07
2009 96.65
2010 100.00
2011 105.04
2012 111.39
2013 116.81
2014 123.09
2015 127.05
2016 135.43
2017 141.45
2018 148.17
2019 155.86
2020 163.62
2021 173.51

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