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.

1 - No Poverty2 - Zero Hunger3 - Good Health and Well-Being4 - Quality Education5 - Gender Equality6 - Clean Water and Sanitation7 - Affordable and Clean Energy8 - Decent Work and Economic Growth9 - Industry Innovation and Infrastructure10 - Reduced Inequalities11 - Sustainable Cities and Communities12 - Responsible Consumption and Production13 - Climate Action14 - Life Below Water15 - Life Land16 - Peace Justice and Strong Institutions17 - Partnerships Goals
Key Reports
  • Pacific Classification of Individual Consumption According to Purpose 2012
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  • Key Chart
    CPI

    News & Publications

    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.

    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.

    Regional classification of occupations and jobs common in Pacific Island countries and territories just released

    June 15, 2016
    SDD has released the Pacific Standard Classification of Occupations 2016 (PACSCO 2016).

    18th Oceania Customs Organisation (OCO) Annual Conference

    June 11, 2016
    The 18th OCO Annual Conference was held in Funafuti, Tuvalu from 1 to 3 June 2016.