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  • Population, persons:16,005,373 (2017)
  • Area, sq km:176,520 (2017)
  • GDP per capita, US$:1,384 (2017)
  • GDP, billion current US$:22.2 (2017)
  • GINI index:30.76 (2012)
  • Ease of Doing Business rank:135 (2017)

Consumer Prices

All datasets:  C O
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    • April 2019
      Source: International Monetary Fund
      Uploaded by: Knoema
      Accessed On: 11 April, 2019
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      Consumer price indexes (CPIs) are index numbers that measure changes in the prices of goods and services purchased or otherwise acquired by households, which households use directly, or indirectly, to satisfy their own needs and wants. In practice, most CPIs are calculated as weighted averages of the percentage price changes for a specified set, or ‘‘basket’’, of consumer products, the weights reflecting their relative importance in household consumption in some period. CPIs are widely used to index pensions and social security benefits. CPIs are also used to index other payments, such as interest payments or rents, or the prices of bonds. CPIs are also commonly used as a proxy for the general rate of inflation, even though they measure only consumer inflation. They are used by some governments or central banks to set inflation targets for purposes of monetary policy. The price data collected for CPI purposes can also be used to compile other indices, such as the price indices used to deflate household consumption expenditures in national accounts, or the purchasing power parities used to compare real levels of consumption in different countries.
    • February 2019
      Source: Food and Agriculture Organization
      Uploaded by: Knoema
      Accessed On: 05 March, 2019
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      The FAOSTAT monthly CPI & Food CPI database was based on the ILO CPI data until December 2014. In 2014, IMF-ILO-FAO agreed to transfer global CPI data compilation from ILO to IMF. Upon agreement, CPIs for all items and its sub components originates from the International Monetary Fund (IMF), and the UN Statistics Division(UNSD) for countries not covered by the IMF. However, due to a limited time coverage from IMF and UNSD for a number of countries, the Organisation for Economic Co-operation and Development (OECD), the Latin America and the Caribbean statistics (CEPALSTAT), Central Bank of Western African States (BCEAO), Eastern Caribbean Central Bank (ECCB) and national statistical office website data are used for missing historical data from IMF and UNSD food CPI.  The FAO CPI dataset for all items(or general CPI) and the Food CPI, consists of a complete and consistent set of time series from January 2000 onwards. These indices measure the price change between the current and reference periods of the average basket of goods and services purchased by households. The CPI,all items is typically used to measure and monitor inflation, set monetary policy targets, index social benefits such as pensions and unemployment benefits, and to escalate thresholds and credits in the income tax systems and wages in public and private wage contracts.
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