Uruguay | 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
Eastern Republic of Uruguay
Records
63
Source
Uruguay | Consumer price index (2010 = 100)
1960 3.75E-6
1961 4.6E-6
1962 5.11E-6
1963 6.19E-6
1964 8.81E-6
1965 1.38E-5
1966 2.393E-5
1967 4.53E-5
1968 0.00010208
1969 0.00012348
1970 0.00014362
1971 0.00017802
1972 0.00031418
1973 0.00061892
1974 0.00109681
1975 0.00198968
1976 0.00299691
1977 0.004741
1978 0.00685303
1979 0.01143389
1980 0.01869165
1981 0.02505529
1982 0.02981392
1983 0.04448158
1984 0.06908187
1985 0.11897456
1986 0.20984809
1987 0.34324151
1988 0.55671013
1989 1.00456915
1990 2.13496969
1991 4.31203422
1992 7.26401809
1993 11.19390944
1994 16.20162149
1995 23.04653435
1996 29.57839431
1997 35.44047988
1998 39.27197507
1999 41.49425363
2000 43.47096715
2001 45.36601469
2002 51.70476866
2003 61.72501331
2004 67.37754626
2005 70.54380406
2006 75.05694956
2007 81.14755502
2008 87.53960778
2009 93.72184636
2010 100
2011 108.09283206
2012 116.84593646
2013 126.8656333
2014 138.12794382
2015 150.0984842
2016 164.56709771
2017 174.80003426
2018 188.0962576
2019 202.92198339
2020 222.71987668
2021 239.97602124
2022 261.82434971
Uruguay | 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
Eastern Republic of Uruguay
Records
63
Source