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Metadata Glossary

Indicator NameConsumer price index (2010 = 100)
Long definitionConsumer 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.
SourceInternational Monetary Fund, International Financial Statistics and data files.
TopicFinancial Sector: Exchange rates & prices
Base Period2010
Limitations and exceptionsConsumer 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 TypeCC BY-4.0