Seychelles - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Seychelles was 141.09 as of 2020. As the graph below shows, over the past 50 years this indicator reached a maximum value of 141.09 in 2020 and a minimum value of 6.13 in 1970.

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
1970 6.13
1971 7.02
1972 8.49
1973 10.04
1974 12.49
1975 14.82
1976 17.02
1977 19.57
1978 21.87
1979 24.60
1980 27.94
1981 30.90
1982 30.62
1983 32.47
1984 33.80
1985 34.08
1986 34.16
1987 35.05
1988 35.69
1989 36.26
1990 37.67
1991 38.41
1992 39.66
1993 40.21
1994 40.91
1995 40.81
1996 40.36
1997 40.61
1998 41.66
1999 44.30
2000 47.08
2001 49.89
2002 49.97
2003 51.63
2004 53.62
2005 54.10
2006 53.91
2007 56.78
2008 77.77
2009 102.46
2010 100.00
2011 102.56
2012 109.85
2013 114.62
2014 116.21
2015 120.90
2016 119.68
2017 123.09
2018 127.65
2019 130.30
2020 141.09

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