Gambia Bureau of Statistics (GBoS) Gambia Bureau of Statistics (GBoS) Gambia Bureau of Statistics (GBoS)

CPI Consumer Price Index Downloads

The Consumer Price Index (CPI) measures in index form the monthly changes in the cost of purchasing a constant representative basket of consumer goods and services. The Index is compiled using a large and representative selection of more than 207 separate goods and services for which price movements are regularly monitored. Several separate price quotations are used each month in compiling the Index.... Read More
The CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indexes and sub-sub-indexes are computed for different categories and sub-categories of goods and services, are combined to produce the overall index with weights reflecting their shares in the total consumer expenditures. All items that are bought for consumption purposes have a price, which may vary over time. Price indices are designed to measure such changes. A congenial way of understanding the nature of such indices is to envisage a very large shopping basket consisting of different kinds of goods and services bought by a typical household. As the prices of individual items in this basket vary, so does the total cost of the basket. Price indices are measures of the month-to-month change in this total cost. No two households spend their money in exactly the same way. Although price indices do not apply to any one household or person, they reflect the phenomenon of inflation for the great majority of households.
The annual percentage change in a CPI is used as a measure of inflation. A CPI can be used to index (i.e., adjust for the effect of inflation) the real value of wages, salaries, pensions, for regulating prices and for deflating monetary magnitudes to show changes in real values. In this country, the CPI is, along with the population census and the Gambia National Income and Product Accounts, one of the most closely watched national economic statistics The Consumer Price Index is released monthly, usually by the 15th of each month following that to which the data refer. Figures and a short commentary are available on a bulletin. A detailed breakdown of the Consumer Price Index is also published in the Monthly Statistical excel Spread sheet. Summary tables of inflation rates and the Consumer Price Index are for National.