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Code2.01.03.01.prcpbase
Indicator NameConsumer Price Index Base year
Short definitionThe CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. The annual percentage change in a CPI is used as a measure of inflation.
Long definitionConsumer Price Index (CPI) serves as indicators of inflation and reflects changes in the cost of acquiring a fixed basket of goods and services by the average consumer. Weights are usually derived from consumer expenditure surveys and the CPI base year refers to the year the weights were derived.
SourceIMF: International Financial Statistics (IFS) - Country notes
TopicStatistical Capacity Indicator (SCI)
Statistical concept and methodologyScore is 1 if the base year is within the last 10 years. For assessment it is being looked 10 years back starting the year before current.
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