The Bahamas - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in The Bahamas was 116.26 as of 2020. As the graph below shows, over the past 54 years this indicator reached a maximum value of 116.26 in 2020 and a minimum value of 13.96 in 1966.

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
1966 13.96
1967 14.72
1968 15.39
1969 16.77
1970 17.80
1971 18.62
1972 19.89
1973 20.98
1974 23.72
1975 26.18
1976 27.29
1977 28.17
1978 29.89
1979 32.60
1980 36.55
1981 40.61
1982 43.05
1983 44.77
1984 46.55
1985 48.69
1986 51.34
1987 54.29
1988 56.68
1989 59.74
1990 62.53
1991 66.97
1992 70.82
1993 72.75
1994 73.76
1995 75.29
1996 76.33
1997 76.74
1998 77.77
1999 78.74
2000 80.01
2001 81.65
2002 83.42
2003 85.94
2004 86.79
2005 88.17
2006 90.28
2007 92.53
2008 96.68
2009 98.67
2010 100.00
2011 103.20
2012 105.24
2013 106.00
2014 107.60
2015 109.60
2016 109.22
2017 110.88
2018 113.39
2019 116.22
2020 116.26

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