Harmonized Index of Consumer Prices: Purchase of Vehicles for Portugal
CP0710PTM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.82
Year-over-Year Change
1.27%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Purchase of Vehicles in Portugal measures changes in the prices paid by Portuguese consumers for the purchase of vehicles over time. This metric is a key economic indicator used to assess inflationary pressures and consumer spending.
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 is a standardized measure of consumer price inflation across European Union countries. The Purchase of Vehicles component tracks the prices of cars, motorcycles, bicycles, and other vehicles purchased by Portuguese households. Economists and policymakers analyze this data to understand consumer behavior and the state of the Portuguese economy.
Methodology
The data is collected through surveys of retail establishments and calculated by Portugal's National Statistics Institute.
Historical Context
The HICP is used by the European Central Bank to set monetary policy and evaluate price stability.
Key Facts
- The base year for the HICP is 2015 = 100.
- Portugal joined the Eurozone in 1999.
- The HICP is published monthly.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Purchase of Vehicles in Portugal measures changes in the prices paid by Portuguese consumers for the purchase of vehicles over time.
Q: Why is this trend relevant for users or analysts?
A: The HICP Purchase of Vehicles metric is a key economic indicator used to assess inflationary pressures and consumer spending in Portugal, providing insights into the state of the Portuguese economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated by Portugal's National Statistics Institute.
Q: How is this trend used in economic policy?
A: The HICP is used by the European Central Bank to set monetary policy and evaluate price stability across the Eurozone.
Q: Are there update delays or limitations?
A: The HICP is published monthly, providing timely data on changes in consumer prices.
Related Trends
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Infra-Annual Labor Statistics: Inactivity Rate Female: From 15 to 64 Years for Portugal
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Business Tendency Surveys: Order Intentions or Demand: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles: Future Tendency for Portugal
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Purchase of Vehicles for Portugal (CP0710PTM086NEST), retrieved from FRED.