Ecuador | 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
Republic of Ecuador
Records
63
Source
Ecuador | Consumer price index (2010 = 100)
1960 0.01224262
1961 0.01273056
1962 0.01309604
1963 0.01387388
1964 0.01443359
1965 0.01487656
1966 0.01568789
1967 0.01628687
1968 0.01699009
1969 0.01806499
1970 0.01899918
1971 0.02080822
1972 0.02237407
1973 0.02508763
1974 0.03078354
1975 0.03518241
1976 0.03876209
1977 0.04377962
1978 0.04951393
1979 0.05452335
1980 0.0610167
1981 0.0695883
1982 0.0809204
1983 0.12010062
1984 0.15759553
1985 0.20171221
1986 0.24816699
1987 0.32138617
1988 0.50848526
1989 0.89314515
1990 1.32649126
1991 1.97273234
1992 3.0499985
1993 4.42112697
1994 5.62857573
1995 6.91944085
1996 8.60857733
1997 11.24775774
1998 15.30802205
1999 23.30523973
2000 45.70073045
2001 62.91927833
2002 70.77386811
2003 76.38578635
2004 78.48122567
2005 80.18291605
2006 82.82794876
2007 84.71326592
2008 91.82926153
2009 96.56762231
2010 100
2011 104.47453266
2012 109.80453268
2013 112.79316585
2014 116.8415609
2015 121.47625228
2016 123.57568338
2017 124.09140869
2018 123.81331581
2019 124.14267473
2020 123.72198948
2021 123.88685074
2022 128.18097925
Ecuador | 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
Republic of Ecuador
Records
63
Source