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Metadata Glossary

Code	FP.CPI.TOTL
Indicator Name	Consumer price index (2010 = 100)
Long definition	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.
Source	International Monetary Fund, International Financial Statistics and data files.
Topic	Financial Sector: Exchange rates & prices
Periodicity	Annual
Base Period	2010
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.
License Type	CC BY-4.0

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