Price Level of Household Consumption for Mali
PLCCPPMLA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.35
Year-over-Year Change
-5.09%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Household Consumption for Mali measures changes in the overall price level of consumer goods and services purchased by households in the West African nation of Mali.
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
This economic indicator tracks inflation experienced by Malian consumers, providing insight into their purchasing power and the health of the domestic economy. Policymakers use this data to inform monetary and fiscal policy decisions.
Methodology
The data is collected and calculated by the World Bank using household expenditure surveys and price indices.
Historical Context
The Price Level of Household Consumption is a key input for evaluating Mali's economic performance and development.
Key Facts
- Mali is a landlocked country in West Africa.
- The Price Level of Household Consumption has risen steadily in Mali over the past decade.
- Monitoring this metric helps policymakers assess the cost of living for Malian households.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Mali measures changes in the overall prices of consumer goods and services purchased by households in the country.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the purchasing power of Malian consumers and the overall health of the domestic economy, making it a key data point for policymakers and economists.
Q: How is this data collected or calculated?
A: The World Bank collects and calculates this data using household expenditure surveys and price indices.
Q: How is this trend used in economic policy?
A: Policymakers in Mali and international institutions use this metric to evaluate the country's economic performance and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture all regional variations within Mali.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Mali (PLCCPPMLA670NRUG), retrieved from FRED.