A price increase for one product is not enough to measure inflation. A range of prices is tracked, notably through a consumer price index.
Inflation
In a nutshell
Inflation is a general and sustained increase in prices. When income stays the same, it reduces what that income can buy.
On this page
Explained simply
A practical example
Hypothetical example: if a basket rises from CFA 10,000 to CFA 10,500, its price has increased by 5%. This does not mean every product has risen by 5%.
Further reading
Source: Insee — Inflation.
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What this means
Starting from CFA 10,000, the increase is 5%. With an unchanged budget, purchasing power for this basket falls.
Educational scenarios. Amounts and rates are fictional, not current market conditions.