Dominica | Consumer price index (2010 = 100)

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. 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.
Publisher
The World Bank
Origin
Commonwealth of Dominica
Records
63
Source
Dominica | Consumer price index (2010 = 100)
1960
1961
1962
1963
1964 7.97751238
1965
1966 8.3757232
1967 8.45549833
1968 8.90955174
1969 9.28515961
1970 10.43591578
1971 10.81551241
1972 11.21438802
1973 12.57122992
1974 16.89272525
1975 20.25484862
1976 22.46313274
1977 24.59795143
1978 26.49508788
1979
1980 41.49931968
1981 47.00490473
1982 49.0705795
1983 51.1060038
1984 52.23953203
1985 54.19328007
1986 55.69672829
1987 57.93828792
1988 59.63274624
1989 63.34102139
1990 65.36218475
1991 68.99440158
1992 72.7696549
1993 73.91142974
1994 73.92261752
1995 74.89657569
1996 76.15271448
1997 78.00802089
1998 78.78743605
1999 79.71671642
2000 80.39984628
2001 81.44817508
2002 81.58668204
2003 82.77243677
2004 84.75409981
2005 86.17957969
2006 88.07759128
2007 91.27676431
2008 97.08189517
2009 97.08797596
2010 100
2011 101.13123137
2012 102.50335107
2013 102.45577757
2014 103.27465576
2015 102.40319635
2016 102.54842069
2017 102.85222335
2018 103.86962841
2019 105.43247529
2020 104.66585846
2021
2022

Dominica | Consumer price index (2010 = 100)

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. 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.
Publisher
The World Bank
Origin
Commonwealth of Dominica
Records
63
Source