Senegal - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Senegal was 112.03 as of 2020. As the graph below shows, over the past 53 years this indicator reached a maximum value of 112.03 in 2020 and a minimum value of 10.95 in 1967.

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
1967 10.95
1968 10.96
1969 11.40
1970 11.72
1971 12.18
1972 12.93
1973 14.38
1974 16.77
1975 22.08
1976 22.32
1977 24.85
1978 25.70
1979 28.18
1980 30.64
1981 32.45
1982 38.09
1983 42.52
1984 47.53
1985 53.71
1986 57.03
1987 54.67
1988 53.67
1989 53.91
1990 54.08
1991 53.14
1992 53.08
1993 52.77
1994 69.81
1995 75.30
1996 77.37
1997 78.73
1998 79.64
1999 80.30
2000 80.88
2001 83.29
2002 85.24
2003 85.19
2004 85.63
2005 87.10
2006 88.94
2007 94.14
2008 101.06
2009 98.79
2010 100.00
2011 103.40
2012 104.87
2013 105.61
2014 104.46
2015 104.60
2016 105.48
2017 106.87
2018 107.36
2019 109.25
2020 112.03

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