Inflation, consumer prices for Madagascar
FPCPITOTLZGMDG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.87
Year-over-Year Change
4.13%
Date Range
1/1/1965 - 1/1/2023
Summary
The Inflation, consumer prices for Madagascar is a key economic indicator that measures the change in the general price level of goods and services purchased by consumers in Madagascar. It is a critical measure for policymakers and economists to understand the country's inflationary pressures.
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 Inflation, consumer prices for Madagascar tracks the weighted average change in the prices paid by Malagasy consumers for a basket of consumer goods and services. It is a widely used metric to assess the purchasing power and cost of living in the country.
Methodology
This data is collected by Madagascar's National Institute of Statistics through regular surveys of consumer expenditures and prices.
Historical Context
The inflation rate is a key input for the Central Bank of Madagascar's monetary policy decisions and is closely monitored by international institutions and investors.
Key Facts
- Madagascar's inflation rate averaged 7.8% from 2010-2020.
- High inflation can erode consumer purchasing power and economic stability.
- The Central Bank of Madagascar targets an inflation rate of 6% per year.
FAQs
Q: What does this economic trend measure?
A: The Inflation, consumer prices for Madagascar measures the change in the general price level of goods and services purchased by consumers in the country.
Q: Why is this trend relevant for users or analysts?
A: Tracking the inflation rate is crucial for assessing the cost of living, purchasing power, and overall economic conditions in Madagascar.
Q: How is this data collected or calculated?
A: This data is collected by Madagascar's National Institute of Statistics through regular surveys of consumer expenditures and prices.
Q: How is this trend used in economic policy?
A: The inflation rate is a key input for the Central Bank of Madagascar's monetary policy decisions and is closely monitored by international institutions and investors.
Q: Are there update delays or limitations?
A: The inflation data for Madagascar is published on a monthly basis with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Inflation, consumer prices for Madagascar (FPCPITOTLZGMDG), retrieved from FRED.