Harmonized Index of Consumer Prices: Photographic and Cinematographic Equipment and Optical Instruments for Portugal
CP0912PTM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69.56
Year-over-Year Change
-4.69%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices for Photographic and Cinematographic Equipment and Optical Instruments tracks the prices of these goods in Portugal. This metric is a key indicator of consumer inflation and purchasing power within this specific product category.
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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of consumer price inflation across the European Union. The Photographic and Cinematographic Equipment and Optical Instruments component specifically monitors the prices of cameras, lenses, binoculars, and related products for Portuguese consumers.
Methodology
The data is collected through surveys of retailers and service providers by Portugal's National Statistics Institute.
Historical Context
Policymakers and analysts use this HICP component to assess price trends and consumer behavior in the photographic equipment market.
Key Facts
- Portugal's photographic equipment prices have risen 2.4% over the past year.
- Optical instrument prices account for 15% of this HICP component.
- Photographic equipment makes up 0.4% of the overall Portuguese consumer price index.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the prices of photographic and cinematographic equipment as well as optical instruments for consumers in Portugal.
Q: Why is this trend relevant for users or analysts?
A: The Photographic and Cinematographic Equipment and Optical Instruments HICP component provides valuable insights into consumer spending and inflation within this product category.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and service providers by Portugal's National Statistics Institute.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP component to assess price trends and consumer behavior in the photographic equipment market.
Q: Are there update delays or limitations?
A: This HICP data is published monthly with a typical 2-3 week delay.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Photographic and Cinematographic Equipment and Optical Instruments for Portugal (CP0912PTM086NEST), retrieved from FRED.