Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: USD: National Currency for Portugal
Monthly
CCUSSP01PTM650N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.11
Year-over-Year Change
3.60%
Date Range
1/1/1960 - 12/1/2023
Summary
The Personal Consumption Expenditures: Services (Chain-type Price Index) measures the price changes in consumer services. It is a key indicator of inflation and consumer spending trends.
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
This index tracks the price changes over time for a basket of consumer services, including healthcare, transportation, recreation, and other non-durable expenditures. It is a crucial metric for understanding overall price pressures and consumer demand.
Methodology
The data is collected through surveys of consumer expenditures and calculated using a chain-type price index.
Historical Context
Policymakers and economists monitor this index to assess inflationary pressures and make informed decisions about monetary and fiscal policies.
Key Facts
- The index uses 2012 as the base year.
- Services account for over 60% of total personal consumption expenditures.
- The index has increased by approximately 2% annually on average over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Personal Consumption Expenditures: Services (Chain-type Price Index) measures the price changes in a basket of consumer services, including healthcare, transportation, and recreation.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial indicator of inflationary pressures and consumer spending trends, providing important insights for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and calculated using a chain-type price index methodology.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this index to assess inflationary pressures and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The index is updated monthly by the U.S. Bureau of Economic Analysis, with a typical release lag of one to two months.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services (Chain-type Price Index) (CCUSSP01PTM650N), retrieved from FRED.