Nepal - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Nepal was 206.37 as of 2021. As the graph below shows, over the past 57 years this indicator reached a maximum value of 206.37 in 2021 and a minimum value of 2.97 in 1964.

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
1964 2.97
1965 3.22
1966 3.68
1967 3.58
1968 3.62
1969 3.77
1970 4.34
1971 4.26
1972 4.62
1973 5.14
1974 6.16
1975 6.63
1976 6.42
1977 7.06
1978 7.58
1979 7.85
1980 9.00
1981 10.00
1982 11.17
1983 12.55
1984 12.91
1985 13.95
1986 16.60
1987 18.39
1988 20.04
1989 21.81
1990 23.61
1991 27.28
1992 31.96
1993 34.36
1994 37.23
1995 40.07
1996 43.76
1997 45.51
1998 50.63
1999 54.40
2000 55.75
2001 57.25
2002 58.99
2003 62.35
2004 64.13
2005 68.51
2006 73.25
2007 74.91
2008 82.33
2009 91.47
2010 100.00
2011 109.23
2012 119.56
2013 130.37
2014 141.27
2015 152.39
2016 165.78
2017 171.80
2018 178.77
2019 188.73
2020 198.27
2021 206.37

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