The Gambia - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in The Gambia was 196.46 as of 2021. As the graph below shows, over the past 60 years this indicator reached a maximum value of 196.46 in 2021 and a minimum value of 2.28 in 1961.

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
1961 2.28
1962 2.32
1963 2.42
1964 2.31
1965 2.34
1966 2.35
1967 2.38
1968 2.48
1969 2.61
1970 2.55
1971 2.63
1972 2.86
1973 3.06
1974 3.34
1975 4.21
1976 4.92
1977 5.53
1978 6.02
1979 6.39
1980 6.83
1981 7.23
1982 8.02
1983 8.87
1984 10.83
1985 12.82
1986 20.07
1987 24.79
1988 27.69
1989 29.98
1990 33.63
1991 36.54
1992 40.00
1993 42.59
1994 43.32
1995 46.34
1996 46.85
1997 48.15
1998 48.69
1999 50.54
2000 50.97
2001 53.26
2002 57.85
2003 67.70
2004 77.32
2005 81.06
2006 82.73
2007 87.17
2008 91.04
2009 95.19
2010 100.00
2011 104.80
2012 109.25
2013 115.48
2014 122.35
2015 130.68
2016 140.13
2017 151.38
2018 161.26
2019 172.73
2020 182.98
2021 196.46

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