Inflation, consumer prices for Portugal
FPCPITOTLZGPRT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.42
Year-over-Year Change
-12.88%
Date Range
1/1/1960 - 1/1/2024
Summary
The Inflation, consumer prices for Portugal trend measures the change in the general price level of consumer goods and services in Portugal. It is a key indicator of economic conditions and an important metric for central bank 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 Inflation, consumer prices for Portugal series tracks the monthly change in the Consumer Price Index (CPI) in Portugal. The CPI is a widely used measure of inflation that captures the average change in prices paid by consumers for a basket of goods and services.
Methodology
The data is collected through household surveys and compiled by the Portuguese National Statistics Institute.
Historical Context
Policymakers at the European Central Bank closely monitor inflation trends in member countries like Portugal to inform monetary policy decisions.
Key Facts
- Portugal's inflation rate reached a high of 10.1% in August 2022.
- The European Central Bank aims to maintain inflation close to 2% in the Eurozone.
- Rapid inflation can erode consumer purchasing power and standards of living.
FAQs
Q: What does this economic trend measure?
A: The Inflation, consumer prices for Portugal trend measures the monthly change in the general price level of consumer goods and services in Portugal.
Q: Why is this trend relevant for users or analysts?
A: Inflation is a key indicator of economic conditions and an important metric for central bank policy decisions. Monitoring price trends helps policymakers and consumers assess the health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by the Portuguese National Statistics Institute.
Q: How is this trend used in economic policy?
A: Policymakers at the European Central Bank closely monitor inflation trends in member countries like Portugal to inform monetary policy decisions aimed at maintaining price stability in the Eurozone.
Q: Are there update delays or limitations?
A: The inflation data for Portugal is published monthly with a typical delay of 2-3 weeks.
Related Trends
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Portugal
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Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for Portugal
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Portugal
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Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Compensation per Unit of Labor Input: Total for Portugal
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Citation
U.S. Federal Reserve, Inflation, consumer prices for Portugal (FPCPITOTLZGPRT), retrieved from FRED.