Harmonized Index of Consumer Prices: Package Holidays for Portugal
CP0960PTM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
158.80
Year-over-Year Change
18.15%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Package Holidays in Portugal tracks changes in the prices paid by consumers for package holiday services within the country.
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 key measure of inflation used by the European Union to assess price stability. The Package Holidays component specifically monitors the cost of pre-arranged travel packages, including accommodations and transportation, for consumers in Portugal.
Methodology
The data is collected through surveys of consumers and service providers.
Historical Context
This index helps economists and policymakers understand inflationary pressures and consumer spending patterns in the Portuguese travel and tourism sector.
Key Facts
- Portugal is a major tourist destination in Europe.
- Package holidays account for a significant portion of consumer spending.
- The HICP data is used to set monetary policy by the European Central Bank.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Package Holidays in Portugal tracks changes in the prices paid by consumers for pre-arranged travel packages within the country.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflationary pressures and consumer spending patterns in the Portuguese travel and tourism sector, which is crucial for economic policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumers and service providers.
Q: How is this trend used in economic policy?
A: The HICP data is used by the European Central Bank to set monetary policy and assess price stability within the Eurozone.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Package Holidays for Portugal (CP0960PTM086NEST), retrieved from FRED.