Harmonized Index of Consumer Prices: Personal Care for Portugal
CP1210PTM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.51
Year-over-Year Change
1.36%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Personal Care for Portugal measures the change in prices for personal care goods and services in Portugal. This important economic indicator provides insights into 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
The Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation used across the European Union. The Personal Care component tracks the prices of items like toiletries, cosmetics, and hair and nail services, offering a granular view of household consumption patterns.
Methodology
The data is collected through surveys of consumer prices by Portugal's National Statistical Institute.
Historical Context
This index is closely monitored by policymakers and analysts to assess the strength of the Portuguese economy and cost-of-living dynamics.
Key Facts
- Portugal's personal care inflation rate was 2.5% in 2022.
- The personal care index accounts for around 3% of the total HICP basket.
- Prices for personal care have risen faster than the overall HICP in recent years.
FAQs
Q: What does this economic trend measure?
A: This index measures the change in prices for personal care goods and services in Portugal, including items like toiletries, cosmetics, and hair and nail services.
Q: Why is this trend relevant for users or analysts?
A: The Harmonized Index of Consumer Prices: Personal Care provides insights into inflation and consumer spending patterns, which are important for understanding the strength of the Portuguese economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices by Portugal's National Statistical Institute.
Q: How is this trend used in economic policy?
A: This index is closely monitored by policymakers and analysts to assess cost-of-living dynamics and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Personal Care for Portugal (CP1210PTM086NEST), retrieved from FRED.