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Consumer Price Index Collection
To compute the Consumer Price Index (CPI) and the inflation rate, the Curaçao Bureau of Statistics (CBS) follows international statistical standards and methodologies developed by the International Labour Organisation (ILO), which is part of the United Nations (UN).
The CBS makes a monthly calculation of the Consumer Price Index or CPI, allowing for the calculation of a 12-month CPI running average.The inflation rate at any specific moment in time equals the difference between the CPI’s 12-month running average for that month and its 12-month running average for the same month of the year before. By definition, then, the rate of inflation represents the average consumer-price development of the previous 12 months.
The collection Consumer Price Index consists of the monthly publications.
For more information of the Consumer Price Index of Curaçao please visit the website of CBS www.cbs.cw