Price Statistics

Inflation is a decrease in the purchasing power of money, reflected in a general increase in the prices of goods and services in an economy. In the simplest term, Inflation means consumers can buy less with the same amount of money.
The Consumer Price Index (CPI) measures the change over time in the general price level of goods and services households acquire for consumption.
Liberia’s CPI Basket has a Weight Reference Period of 2016 while the Price is referenced to December 2018. The Index is chain-linked to December 2005.

Price Statistics Indicators

Consumer Price Index (CPI): measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. This indicator is crucial for understanding inflation and the cost of living.

Inflation Rate: measures the percentage change in the average price level of goods and services in an economy over a specified period, typically one year. It measures how much prices have increased (or decreased) compared to a previous period.

Average Prices: refer to the mean price level of a basket of goods and services in an economy over a specified period. These prices provide an aggregate measure of how much consumers are paying on average for a typical set of items.

Producer Price Index (PPI): measures the average change over time in the selling prices received by domestic producers for their output. It provides insights into inflation at the wholesale level.

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