4.5 Cumulative change

To measure cumulative change, the index value for a given month is always compared with the value for December in the previous year.

For example, the cumulative change in the consumer price index in October 2002 is calculated as follows:

CPI 2000=100 index values for 2000-2003

Month 2001 2002 2003
January 100.89 103.19 104.59
February 101.51 103.35 105.28
March 102.06 103.90 105.57
April 102.53 104.33 105.44
May 103.21 104.56 105.31
June 103.20 104.34 105.19
July 102.43 104.15 104.64
August 102.75 104.15 104.78
September 103.49 104.53 105.21
October 103.26 104.80 105.10
November 102.80 104.47 105.00
December 102.76 104.46 105.09
Average   102.57 104.18 105.10

The cumulative change in the consumer price index in October 2002 is 2.0 per cent.

In December the cumulative change is equal to the 12-month change. Cumulative change rates shall always be compared with the cumulative changes in previous years. This allows us to compare the inflation profiles for different years. The Figure below shows the cumulative change in the consumer price index in January-December for 2001-2003.


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