Mali - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Mali was 113.49 as of 2021. As the graph below shows, over the past 33 years this indicator reached a maximum value of 113.49 in 2021 and a minimum value of 50.33 in 1993.

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
1988 52.59
1989 52.55
1990 52.87
1991 53.82
1992 50.46
1993 50.33
1994 62.00
1995 70.33
1996 75.12
1997 74.84
1998 77.86
1999 76.93
2000 76.41
2001 80.37
2002 84.42
2003 83.28
2004 80.70
2005 85.86
2006 87.19
2007 88.42
2008 96.53
2009 98.90
2010 100.00
2011 102.96
2012 108.44
2013 107.78
2014 108.73
2015 110.31
2016 108.32
2017 110.23
2018 110.56
2019 108.73
2020 109.20
2021 113.49

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