Consumer Price Index for Maldives
DDOE02MVA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136.45
Year-over-Year Change
86.11%
Date Range
1/1/1992 - 1/1/2017
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 provides insights into the cost of living and inflation trends 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 CPI for Maldives is a widely-used metric that tracks the average change in prices paid by consumers for a representative basket of goods and services. It is an important tool for policymakers, economists, and businesses to monitor and analyze the country's economic performance and consumer purchasing power.
Methodology
The Maldivian National Bureau of Statistics collects price data from a sample of retail outlets and service providers to calculate the CPI.
Historical Context
The CPI is a critical input for the Maldivian government's monetary and fiscal policies, as well as for businesses and consumers making economic decisions.
Key Facts
- The base year for the Maldives CPI is 2015.
- The CPI is published on a monthly basis by the Maldivian National Bureau of Statistics.
- Maldives has experienced relatively low and stable inflation in recent years.
FAQs
Q: What does the Consumer Price Index for Maldives measure?
A: The Maldives CPI measures the average change in prices paid by consumers for a basket of goods and services in the country. It is a key indicator of inflation and cost of living.
Q: Why is the Maldives CPI relevant for users or analysts?
A: The Maldives CPI is an important metric for policymakers, businesses, and consumers to understand the country's economic conditions and make informed decisions.
Q: How is the Maldives CPI data collected and calculated?
A: The Maldivian National Bureau of Statistics collects price data from a sample of retail outlets and service providers to calculate the monthly CPI.
Q: How is the Maldives CPI used in economic policy?
A: The Maldives CPI is a critical input for the government's monetary and fiscal policies, as well as for businesses and consumers making economic decisions.
Q: Are there any update delays or limitations with the Maldives CPI data?
A: The Maldives CPI is published on a monthly basis with minimal delays, providing timely information on the country's inflation and cost of living trends.
Related Trends
Number of Identified Exporters to Maldives from New York
NYMDVA475SCEN
Gross Domestic Product for Maldives
MKTGDPMVA646NWDB
Gross National Income for Maldives
MKTGNIMVA646NWDB
Use of Financial Services: Key Indicators, Loan Accounts with Commercial Banks Per 1,000 Adults for Maldives
MDVFCNODCANUM
Value of Exports to Maldives from Washington
WAMDVA052SCEN
Number of Identified Exporters to Maldives from Vermont
VTMDVA475SCEN
Citation
U.S. Federal Reserve, Consumer Price Index for Maldives (DDOE02MVA086NWDB), retrieved from FRED.