Consumer Price Index: Services Less Housing National Definition for Portugal
CPSELR02PTQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.06
Year-over-Year Change
4.97%
Date Range
1/1/1991 - 1/1/2018
Summary
The Consumer Price Index: Services Less Housing National Definition for Portugal measures the inflation rate for a basket of service-related consumer goods and services, excluding housing, in Portugal. This metric is a key indicator of overall price pressures in the Portuguese economy.
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 Consumer Price Index: Services Less Housing National Definition for Portugal is a sub-index of the broader Consumer Price Index (CPI) that tracks price changes for a selected set of services, excluding housing costs. This allows economists to analyze service-specific inflation trends independent of volatile housing prices.
Methodology
The data is collected through surveys of consumer transactions and then aggregated to calculate the monthly index value.
Historical Context
Policymakers and analysts use this index to gauge underlying inflationary pressures in the Portuguese service sector, which is a major component of the country's economy.
Key Facts
- Portugal's service sector accounts for over 70% of GDP.
- The CPI: Services Less Housing index excludes volatile housing costs.
- This metric helps identify price pressures beyond just the housing market.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Services Less Housing National Definition for Portugal measures the inflation rate for a basket of service-related consumer goods and services, excluding housing costs, in Portugal.
Q: Why is this trend relevant for users or analysts?
A: This metric allows economists and policymakers to analyze underlying inflationary pressures in the Portuguese service sector, which is a major component of the country's economy, independent of volatile housing prices.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer transactions and then aggregated to calculate the monthly index value.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to gauge underlying inflationary pressures in the Portuguese service sector, which can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of several weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Services Less Housing National Definition for Portugal (CPSELR02PTQ661N), retrieved from FRED.