Consumer Price Index: Communication (COICOP 08): Total for Portugal
PRTCP080000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.00
Year-over-Year Change
-99.53%
Date Range
1/1/1960 - 12/1/2023
Summary
The Consumer Price Index: Communication (COICOP 08) measures the changes in prices for communication goods and services in Portugal. This metric is crucial for understanding inflation and consumer spending patterns 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 Communication CPI tracks the prices of telephone and internet services, postal charges, and other communication-related goods and services purchased by consumers in Portugal. This index is an important component of the overall consumer price index and provides insights into the costs faced by Portuguese households.
Methodology
The data is collected through regular surveys of consumer prices by the Portuguese National Statistics Institute.
Historical Context
The Communication CPI is used by policymakers, economists, and market analysts to assess inflationary pressures and consumer behavior in the Portuguese telecommunications sector.
Key Facts
- The Communication CPI is a component of the overall Consumer Price Index for Portugal.
- Prices for communication goods and services make up approximately 2.8% of the consumer basket in Portugal.
- The Communication CPI has seen moderate annual increases of around 1-2% in recent years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Communication (COICOP 08) measures the changes in prices for telephone, internet, postal, and other communication-related goods and services purchased by consumers in Portugal.
Q: Why is this trend relevant for users or analysts?
A: The Communication CPI is an important indicator of inflationary pressures and consumer spending patterns in the Portuguese telecommunications sector, which is crucial information for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys conducted by the Portuguese National Statistics Institute.
Q: How is this trend used in economic policy?
A: The Communication CPI is used by the Portuguese government and central bank to monitor inflation and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Communication CPI data is published monthly with a typical lag of 1-2 months, and the index may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Consumer Price Index: Communication (COICOP 08): Total for Portugal (PRTCP080000GPM), retrieved from FRED.