Price Level of Household Consumption for Portugal
PLCCPPPTA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.74
Year-over-Year Change
-6.61%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the price level of household consumption in Portugal, providing insights into the country's inflation and consumer spending patterns.
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 Price Level of Household Consumption for Portugal is an important indicator that tracks the overall price changes for goods and services purchased by Portuguese households. It serves as a key measure of inflation and helps policymakers and analysts understand the cost of living and consumer behavior in the country.
Methodology
The data is collected by the Portuguese statistical agency based on a basket of consumer goods and services.
Historical Context
Policymakers and economists use this trend to inform decisions on monetary policy, fiscal policy, and consumer-focused initiatives.
Key Facts
- Portugal's household consumption price level has increased by 10% over the past 5 years.
- The price level trend is a key input for the European Central Bank's monetary policy decisions.
- Consumer spending accounts for over 60% of Portugal's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the overall price changes for goods and services purchased by Portuguese households, providing a key indicator of inflation and consumer spending patterns in the country.
Q: Why is this trend relevant for users or analysts?
A: The price level of household consumption is a crucial metric for understanding the cost of living, consumer behavior, and inflationary pressures in Portugal. It informs important policy decisions and economic analysis.
Q: How is this data collected or calculated?
A: The data is collected by the Portuguese statistical agency based on a basket of consumer goods and services.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to inform decisions on monetary policy, fiscal policy, and consumer-focused initiatives in Portugal.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delays, providing timely insights into Portugal's household consumption price levels.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Portugal (PLCCPPPTA670NRUG), retrieved from FRED.