Consumer Price Index

The Consumer Price Index (CPI) measures changes over time in the general level of prices of goods and services that households acquire for the purpose of consumption.

The CPI is considered a key statistics in economic policy making. In many cases, the CPI was originally developed to measure changes in the cost of living of residents. Nowadays however, the CPI is also used as a key input for monetary policy and inflation targeting, and as a proxy for general inflation in the economy as a whole. 

CPIs are also often used in contracts as the measure to adjust payments for the effect of inflation. As a result, its measurement can have a substantial financial impact on households, private enterprises and government bodies.

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Key Reports
  • Pacific Classification of Individual Consumption According to Purpose 2020
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  • Guam2019_1st Qtr_CPI
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  • Guam2019_2nd Qtr_CPI
    712.63 KBView details
  • Guam2019_4th Qtr_CPI
    661.36 KBView details
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    News & Publications

    2020 pocket statistical summary

    September 15, 2020
    Our 2020 pocket statistical summary has arrived, providing a quick overview of statistics for the people and economies of the Pacific Community’s (SPC’s) member countries.

    Palau CPI rebase: September 2016 = 100

    July 21, 2018
    Starting from the first quarter of 2018, the Palau Bureau of Budget and Planning has switched to calculating and publishing its quarterly Consumer Price Index (CPI) series based on an updated set of weights and basket of representative goods and services.

    SDD Newsletter - June 2017

    June 16, 2017
    SPC-ABS workshop on updating the weight reference period of the Consumer Price Index
    Solomon Islands children suffer stunted growth from malnutrition
    Short Films from the Vanuatu National Statistics Office

    SPC-ABS workshop on updating the weight reference period of the Consumer Price Index

    June 2, 2017
    Between 29 May and 1 June 2017, statisticians from Pacific Island countries and territories came together in Noumea, New Caledonia for a workshop on updating the weight reference period of the consumer price index (CPI). The workshop was organised by the Pacific Community (SPC) and the Australian Bureau of Statistics (ABS), and aimed at training price index compilers on the use of data from expenditure surveys and other sources to rebase their CPI.