Malta | Consumer price index (2010 = 100)
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. 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.
Publisher
The World Bank
Origin
Republic of Malta
Records
63
Source
Malta | Consumer price index (2010 = 100)
20.9007827 1960
21.42566855 1961
21.46180823 1962
21.86450755 1963
22.34120716 1964
22.6991621 1965
22.81790677 1966
22.976233 1967
23.44432793 1968
23.99158597 1969
24.88303145 1970
25.46126636 1971
26.32001404 1972
28.34383623 1973
30.40035622 1974
33.07305421 1975
33.25545634 1976
36.5944288 1977
38.31711565 1978
41.05568108 1979
47.5208235 1980
52.99035426 1981
56.07345705 1982
55.57945126 1983
55.33351219 1984
55.20336364 1985
56.32282642 1986
56.56598652 1987
57.09677028 1988
57.58077467 1989
59.29864288 1990
60.80612873 1991
61.79922178 1992
64.36068801 1993
67.0187341 1994
69.98541588 1995
71.42291632 1996
73.64565313 1997
75.40228707 1998
77.01195163 1999
78.83682135 2000
81.14634008 2001
82.92222001 2002
84.00339123 2003
86.3477818 2004
88.94509417 2005
91.41223546 2006
92.55417469 2007
96.49570688 2008
98.5069934 2009
100 2010
102.96298528 2011
105.40920107 2012
106.65332939 2013
106.98428158 2014
108.16169523 2015
108.85685344 2016
110.3420468 2017
111.61961309 2018
113.45247412 2019
114.17691918 2020
115.88716632 2021
123.01858002 2022
Malta | Consumer price index (2010 = 100)
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. 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.
Publisher
The World Bank
Origin
Republic of Malta
Records
63
Source