Prices: Consumer Price Index for Maldives
MDVPCPIPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
-10.46%
Date Range
1/1/1992 - 1/1/2029
Summary
The Consumer Price Index (CPI) for Maldives is a key economic indicator that measures the changes in the prices of a basket of consumer goods and services over time. It is an important metric for assessing the rate of inflation in the Maldivian 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 Maldives CPI tracks the weighted average change in prices for a representative basket of consumer items, including food, housing, transportation, and other goods and services. It is used by policymakers, economists, and analysts to monitor the cost of living and inform economic decision-making.
Methodology
The data is collected through regular surveys of prices for a variety of consumer items across the Maldives.
Historical Context
The Maldives CPI is closely watched by the Central Bank of Maldives and other institutions to guide monetary and fiscal policies.
Key Facts
- The base year for the Maldives CPI is 2012.
- The CPI is published on a monthly basis.
- Maldives has experienced relatively low and stable inflation in recent years.
FAQs
Q: What does this economic trend measure?
A: The Maldives Consumer Price Index (CPI) measures the changes in the prices of a basket of consumer goods and services over time, providing a gauge of the country's inflation rate.
Q: Why is this trend relevant for users or analysts?
A: The Maldives CPI is a crucial indicator for assessing the cost of living and informing economic policymaking, as it allows for monitoring the purchasing power of consumers and the overall health of the Maldivian economy.
Q: How is this data collected or calculated?
A: The data for the Maldives CPI is collected through regular surveys of prices for a variety of consumer items across the country.
Q: How is this trend used in economic policy?
A: The Maldives CPI is closely monitored by the Central Bank of Maldives and other institutions to guide monetary and fiscal policies, ensuring price stability and promoting economic growth.
Q: Are there update delays or limitations?
A: The Maldives CPI is published on a monthly basis, with minimal update delays, providing timely information on the country's cost of living and inflation trends.
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Citation
U.S. Federal Reserve, Prices: Consumer Price Index for Maldives (MDVPCPIPCPPPT), retrieved from FRED.