Egypt, Arab Rep. | 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
Arab Republic of Egypt
Records
63
Source
Egypt, Arab Rep. | Consumer price index (2010 = 100)
1.20872071 1960
1.21710448 1961
1.1805539 1962
1.18936845 1963
1.23291103 1964
1.41586275 1965
1.54380635 1966
1.55464229 1967
1.52859022 1968
1.5807124 1969
1.64019301 1970
1.69170198 1971
1.72726771 1972
1.81556881 1973
1.9975672 1974
2.19072586 1975
2.41675216 1976
2.72445698 1977
3.02627506 1978
3.32600825 1979
4.01845739 1980
4.43305306 1981
5.09016491 1982
5.908657 1983
6.91527746 1984
7.75249323 1985
9.60257068 1986
11.4936619 1987
13.52384328 1988
16.39926486 1989
19.14718713 1990
22.92847797 1991
26.05533176 1992
29.20536725 1993
31.58684044 1994
36.55931368 1995
39.18686946 1996
40.99949956 1997
42.58723612 1998
43.89870969 1999
45.07686561 2000
46.10000101 2001
47.36186801 2002
49.4968351 2003
55.07543497 2004
57.75727653 2005
62.17254681 2006
67.96638721 2007
80.41567596 2008
89.87537033 2009
100 2010
110.06492599 2011
117.89244572 2012
129.05653001 2013
142.05280066 2014
156.78437264 2015
178.44194848 2016
231.09411543 2017
264.37505538 2018
288.57277438 2019
303.13107718 2020
318.93648131 2021
363.25481348 2022
Egypt, Arab Rep. | 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
Arab Republic of Egypt
Records
63
Source