Maldives - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Maldives was 135.42 as of 2021. As the graph below shows, over the past 36 years this indicator reached a maximum value of 136.56 in 2019 and a minimum value of 24.80 in 1985.

Definition: Consumer price index reflects changes in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Data are period averages.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1985 24.80
1986 27.21
1987 29.86
1988 31.78
1989 34.06
1990 35.30
1991 40.50
1992 47.33
1993 56.85
1994 58.78
1995 62.00
1996 65.87
1997 70.86
1998 69.86
1999 71.93
2000 71.08
2001 71.56
2002 74.55
2003 73.61
2004 72.37
2005 73.31
2006 75.32
2007 80.44
2008 90.12
2009 94.21
2010 100.00
2011 111.27
2012 123.39
2013 128.08
2014 130.80
2015 132.04
2016 132.71
2017 136.45
2018 136.26
2019 136.56
2020 134.69
2021 135.42

Development Relevance: A general and continuing increase in an economy’s price level is called inflation. The increase in the average prices of goods and services in the economy should be distinguished from a change in the relative prices of individual goods and services. Generally accompanying an overall increase in the price level is a change in the structure of relative prices, but it is only the average increase, not the relative price changes, that constitutes inflation. A commonly used measure of inflation is the consumer price index, which measures the prices of a representative basket of goods and services purchased by a typical household. The consumer price index is usually calculated on the basis of periodic surveys of consumer prices. Other price indices are derived implicitly from indexes of current and constant price series.

Limitations and Exceptions: Consumer price indexes should be interpreted with caution. The definition of a household, the basket of goods, and the geographic (urban or rural) and income group coverage of consumer price surveys can vary widely by country. In addition, weights are derived from household expenditure surveys, which, for budgetary reasons, tend to be conducted infrequently in developing countries, impairing comparability over time. Although useful for measuring consumer price inflation within a country, consumer price indexes are of less value in comparing countries.

Statistical Concept and Methodology: Consumer price indexes are constructed explicitly, using surveys of the cost of a defined basket of consumer goods and services.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices