Consumer Price Index: All Items: Total for Portugal
Growth rate previous period, Annual
CPALTT01PTA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.31
Year-over-Year Change
18.02%
Date Range
1/1/1956 - 1/1/2023
Summary
The 'Growth rate previous period, Annual' measures the year-over-year change in the Consumer Price Index (CPI), a key indicator of inflation. This data point is closely watched by economists, policymakers, and market analysts to assess price stability and guide monetary policy decisions.
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 annual growth rate of the CPI represents the change in consumer prices over the past 12 months. It is a widely-used barometer of inflation, providing insight into the purchasing power of consumers and the overall health of the economy.
Methodology
The CPI is calculated monthly by the U.S. Bureau of Labor Statistics based on a survey of consumer expenditures.
Historical Context
The Federal Reserve and other policymakers monitor this inflation metric to help achieve their mandates of price stability and maximum employment.
Key Facts
- The CPI is a basket of consumer goods and services used to measure changes in the cost of living.
- The Federal Reserve aims for 2% annual inflation to promote stable prices and maximum employment.
- High inflation can erode consumer purchasing power and standards of living.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Annual' measures the year-over-year change in the Consumer Price Index (CPI), a key indicator of inflation.
Q: Why is this trend relevant for users or analysts?
A: This inflation metric is closely watched by economists, policymakers, and market analysts to assess price stability and guide monetary policy decisions.
Q: How is this data collected or calculated?
A: The CPI is calculated monthly by the U.S. Bureau of Labor Statistics based on a survey of consumer expenditures.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers monitor this inflation metric to help achieve their mandates of price stability and maximum employment.
Q: Are there update delays or limitations?
A: The CPI data is released monthly with a short publication lag, providing timely insights on consumer price changes.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Portugal
PRTCPIENGAINMEI
Infra-Annual Labor Statistics: Unemployment Rate Female: From 15 to 24 Years for Portugal
LRUN24FEPTQ156N
National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Portugal
NAEXKP01PTQ652S
Infra-Annual Labor Statistics: Employment Total: From 15 to 64 Years for Portugal
LFEM64TTPTA647N
Bank Deposits to GDP for Portugal
DDOI02PTA156NWDB
Infra-Annual Labor Statistics: Labor Force Participation Rate Total: 15 Years or over for Portugal
LRACTTTTPTQ156S
Citation
U.S. Federal Reserve, Growth rate previous period, Annual (CPALTT01PTA657N), retrieved from FRED.