Harmonized Index of Consumer Prices: Coffee, Tea and Cocoa for Portugal
CP0121PTM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.65
Year-over-Year Change
12.02%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Coffee, Tea and Cocoa in Portugal tracks the prices of these key consumer goods over time. This metric is a critical indicator for understanding inflation and cost-of-living trends in the Portuguese economy.
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
The HICP for Coffee, Tea and Cocoa measures the changes in retail prices for these products in Portugal. It is a subcomponent of the broader HICP, which is the standard harmonized measure of consumer inflation across the European Union. This specific index provides valuable insights into price dynamics for a set of important food and beverage items.
Methodology
The data is collected through surveys of retail establishments and calculated using a weighted average of prices.
Historical Context
The HICP for Coffee, Tea and Cocoa is closely monitored by the European Central Bank and other policymakers to assess inflationary pressures and guide monetary policy decisions.
Key Facts
- Portugal is a major consumer of coffee, tea and cocoa.
- Prices for these products can significantly impact household budgets.
- The HICP subindex tracks changes over time to monitor inflationary trends.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Coffee, Tea and Cocoa measures the changes in retail prices for these products in Portugal over time.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into inflation and cost-of-living dynamics for a set of important consumer goods, which is crucial information for policymakers and market participants.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated using a weighted average of prices.
Q: How is this trend used in economic policy?
A: The HICP for Coffee, Tea and Cocoa is closely monitored by the European Central Bank and other policymakers to assess inflationary pressures and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be some lags in reporting due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Coffee, Tea and Cocoa for Portugal (CP0121PTM086NEST), retrieved from FRED.