Consumer Price Index Maldives

The Consumer Price Index (CPI) is one of the most important macroeconomic indicators for Maldives. It measures the overall changes in the prices paid by Maldivian households for the goods and services they purchase. The CPI is used as a general measure of inflation. It is a key input used by the government and monetary authorities to make and assess macroeconomic policy. The CPI is also used to index or adjust certain government benefits and can be used to adjust long-term building contract. With the increase in globalization further importance is given to the CPI as in input to assess economic performance and adjust trade contracts.