This table provides metadata for the actual indicator available from Vanuatu statistics closest to the corresponding global SDG indicator. Please note that even when the global SDG indicator is fully available from Vanuatuan statistics, this table should be consulted for information on national methodology and other Vanuatu-specific metadata information.
| Proxy |
No |
|---|---|
| Definition |
The “Change in Underlying Inflation Rate (CPI Analysis)” indicator measures the year-over-year or period-over-period change in the underlying inflation rate, which is derived from the Consumer Price Index (CPI). Underlying inflation, also known as core inflation, typically excludes volatile items such as food and energy prices, providing a more stable measure of inflationary trends. |
| Concept |
This indicator tracks the change in underlying inflation, focusing on the sustained movements in prices of goods and services that are less susceptible to short-term volatility. The underlying inflation rate is an essential metric for policymakers and economists as it helps to gauge the true inflationary pressure in the economy, excluding temporary fluctuations that could distort the broader inflation picture |
| Disaggregation |
None |
| Rationale |
Monitoring the change in the underlying inflation rate is crucial for assessing the stability of prices in an economy. Unlike headline inflation, which can be influenced by short-term price changes in volatile sectors, the underlying inflation rate offers a clearer view of long-term inflation trends. Understanding changes in the underlying inflation rate can help in making informed decisions to maintain price stability, guide interest rates, and manage economic growth. |
| Method of Computation |
To compute the “Change in Underlying Inflation Rate (CPI Analysis),” first collect data on the Consumer Price Index (CPI) components, focusing on the core basket of goods and services that exclude volatile items like food and energy. Then, calculate the underlying inflation rate based on these core components. Finally, determine the change in the underlying inflation rate by comparing the rate for the current period with that of the previous period, and express the change in percentage terms. Formula: Change in Underlying Inflation Rate= (Underlying Inflation Rate (current period) – Underlying Inflation Rate (previous period)/Underlying Inflation Rate (previous period))*100 |
| Sustainable Development Goal Indicator Alignment |
8.1 8.1.1 (R) (Tier 1) |
| Unit of Measurement |
percentage (%) |
| Frequency of Collection |
Quarterly |