Trinidad and Tobago - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Trinidad and Tobago was 144.03 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 144.03 in 2020 and a minimum value of 2.30 in 1960.

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
1960 2.30
1961 2.33
1962 2.40
1963 2.49
1964 2.51
1965 2.56
1966 2.66
1967 2.72
1968 2.94
1969 3.02
1970 3.09
1971 3.20
1972 3.50
1973 4.02
1974 4.90
1975 5.73
1976 6.35
1977 7.09
1978 7.82
1979 8.97
1980 10.54
1981 12.05
1982 13.45
1983 15.49
1984 17.56
1985 18.89
1986 20.35
1987 22.54
1988 24.28
1989 27.06
1990 30.05
1991 31.19
1992 33.20
1993 36.80
1994 40.04
1995 42.11
1996 43.55
1997 45.13
1998 47.66
1999 49.30
2000 51.05
2001 53.88
2002 56.12
2003 58.25
2004 60.42
2005 64.58
2006 69.95
2007 75.48
2008 84.56
2009 90.46
2010 100.00
2011 105.11
2012 114.84
2013 120.81
2014 127.68
2015 133.63
2016 137.73
2017 140.32
2018 141.75
2019 143.17
2020 144.03

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