Harmonized Index of Consumer Prices: Industrial Goods for Portugal
IGOODSPTM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.39
Year-over-Year Change
-0.46%
Date Range
12/1/1999 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Industrial Goods for Portugal measures changes in the prices of industrial goods purchased by Portuguese consumers. This key economic indicator helps policymakers and analysts track 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 industrial goods component reflects price changes for manufactured products excluding energy and unprocessed food items.
Methodology
The data is collected through monthly surveys of consumer prices across Portugal.
Historical Context
The HICP is a crucial input for the European Central Bank's monetary policy decisions.
Key Facts
- Portugal joined the Eurozone in 1999.
- The HICP is calculated using a common methodology across the EU.
- Industrial goods account for over a third of the Portuguese CPI basket.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Industrial Goods for Portugal measures monthly changes in the prices of manufactured products purchased by Portuguese consumers.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation and consumer demand in Portugal, providing important insights for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly price surveys of a representative basket of consumer goods across Portugal.
Q: How is this trend used in economic policy?
A: The HICP data is a crucial input for the European Central Bank's monetary policy decisions, helping to guide interest rates and other interventions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Industrial Goods for Portugal (IGOODSPTM086NEST), retrieved from FRED.