Consumer Price Index for Mali
DDOE02MLA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.23
Year-over-Year Change
28.41%
Date Range
1/1/1987 - 1/1/2017
Summary
The Consumer Price Index (CPI) for Mali measures the changes in the prices of a basket of consumer goods and services over time. It is a key indicator of inflation and serves as an important benchmark for policymakers in monitoring and managing the Malian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The CPI for Mali is a widely used economic indicator that tracks the weighted average change in prices paid by consumers for a representative basket of goods and services. It is calculated based on a survey of household expenditures and is an essential tool for assessing the cost of living and the purchasing power of Malian consumers.
Methodology
The Malian National Institute of Statistics and Economic Analysis (INSTAT) collects price data from a sample of retail outlets and service providers to calculate the CPI.
Historical Context
The CPI for Mali is closely monitored by the Central Bank of West African States (BCEAO) and the Malian government to inform monetary and fiscal policies.
Key Facts
- Mali's CPI has increased by an average of 2.3% per year over the past decade.
- Food and non-alcoholic beverages account for nearly 50% of the CPI basket in Mali.
- The CPI is a crucial input for adjusting the minimum wage and social benefit payments in Mali.
FAQs
Q: What does the Consumer Price Index for Mali measure?
A: The CPI for Mali measures the changes in the prices of a basket of consumer goods and services purchased by Malian households over time. It is a key indicator of inflation in the country.
Q: Why is the CPI for Mali relevant for users or analysts?
A: The CPI for Mali is an essential tool for assessing the cost of living and the purchasing power of Malian consumers. It is closely monitored by policymakers to inform monetary and fiscal policies.
Q: How is the CPI for Mali data collected or calculated?
A: The Malian National Institute of Statistics and Economic Analysis (INSTAT) collects price data from a sample of retail outlets and service providers to calculate the CPI.
Q: How is the CPI for Mali trend used in economic policy?
A: The CPI for Mali is closely monitored by the Central Bank of West African States (BCEAO) and the Malian government to inform monetary and fiscal policies, such as adjusting the minimum wage and social benefit payments.
Q: Are there any update delays or limitations for the CPI for Mali data?
A: The CPI for Mali data is typically published on a monthly basis, but there may be occasional delays or limitations in data collection and reporting due to logistical or administrative challenges.
Related Trends
Number of Identified Exporters to Mali from Tennessee
TNMLIA475SCEN
Number of Identified Exporters to Mali from Ohio
OHMLIA475SCEN
Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Mali
MLIFCSODCXDC
Credit to Government and State-Owned Enterprises to GDP for Mali
DDEI08MLA156NWDB
Gross Debt Position of the General Government for Mali
MLIGGXWDGG01GDPPT
Insurance Company Assets to GDP for Mali
DDDI11MLA156NWDB
Citation
U.S. Federal Reserve, Consumer Price Index for Mali (DDOE02MLA086NWDB), retrieved from FRED.