St. Vincent and the Grenadines - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in St. Vincent and the Grenadines was 109.97 as of 2020. As the graph below shows, over the past 46 years this indicator reached a maximum value of 110.67 in 2019 and a minimum value of 19.62 in 1974.

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
1974 19.62
1975 20.96
1976 23.32
1977 25.70
1978 27.87
1979 32.22
1980 37.76
1981 42.57
1982 45.65
1983 48.14
1984 49.44
1985 50.50
1986 51.01
1987 52.70
1988 52.82
1989 54.32
1990 58.45
1991 61.66
1992 63.79
1993 66.53
1994 67.20
1995 68.37
1996 71.38
1997 71.70
1998 73.24
1999 73.98
2000 74.10
2001 74.77
2002 76.16
2003 76.32
2004 78.57
2005 81.51
2006 83.74
2007 89.80
2008 98.84
2009 99.26
2010 100.00
2011 103.19
2012 105.87
2013 106.72
2014 106.93
2015 105.07
2016 104.92
2017 107.17
2018 109.67
2019 110.67
2020 109.97

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