Inflation, consumer prices for Mali
FPCPITOTLZGMLI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.21
Year-over-Year Change
-39.76%
Date Range
1/1/1989 - 1/1/2024
Summary
The Consumer Price Index (CPI) for Mali measures the changes in the prices of a basket of consumer goods and services. It is a key indicator of inflation and an important metric for economists and policymakers to assess the overall cost of living and purchasing power in the country.
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 tracks the average change in prices paid by consumers for a representative basket of goods and services. It is used to monitor and manage inflation, guide monetary policy decisions, and evaluate the real purchasing power of consumers in Mali.
Methodology
The Malian National Institute of Statistics and Economics collects price data from a sample of retail outlets and service providers to calculate the monthly CPI.
Historical Context
The CPI is closely watched by the Central Bank of West African States (BCEAO) to inform its inflation-targeting monetary policy for the West African Economic and Monetary Union.
Key Facts
- Mali's CPI has a base year of 2014.
- The CPI basket includes food, housing, transportation, and other consumer goods and services.
- Mali targets an annual inflation rate of 2% within the WAEMU.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Mali measures the changes in the prices of a basket of consumer goods and services, providing a key indicator of inflation in the country.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Mali is an important metric for economists and policymakers to assess the overall cost of living, purchasing power, and inflationary pressures in the Malian economy.
Q: How is this data collected or calculated?
A: The Malian National Institute of Statistics and Economics collects price data from a sample of retail outlets and service providers to calculate the monthly CPI.
Q: How is this trend used in economic policy?
A: The CPI for Mali is closely monitored by the Central Bank of West African States (BCEAO) to inform its inflation-targeting monetary policy for the West African Economic and Monetary Union.
Q: Are there update delays or limitations?
A: The CPI for Mali is published monthly with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Inflation, consumer prices for Mali (FPCPITOTLZGMLI), retrieved from FRED.