Consumer Price Index: Communication (COICOP 08): Total for Portugal
PRTCP080000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.05
Year-over-Year Change
5.83%
Date Range
1/1/1960 - 12/1/2023
Summary
The Consumer Price Index for Communication measures the change in prices for communication-related goods and services in Portugal. This metric is a key indicator of inflation and consumer spending in the Portuguese telecommunications sector.
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 is a subindex of the overall Consumer Price Index that tracks the prices of communication-related items such as telephone and internet services, postal charges, and communication equipment. It provides insight into cost-of-living changes for Portuguese consumers and is used by policymakers to monitor inflation.
Methodology
This index is calculated based on a survey of consumer prices collected by the National Statistical Institute of Portugal.
Historical Context
The Communication CPI is an important input for the Bank of Portugal and other government agencies when setting monetary and fiscal policies.
Key Facts
- The Communication CPI accounts for about 3.5% of the total Portuguese CPI basket.
- Prices in the Communication CPI subindex have risen by an average of 1.2% per year over the past decade.
- Communication costs make up a larger share of household budgets for lower-income Portuguese consumers.
FAQs
Q: What does this economic trend measure?
A: The Communication CPI measures the change in prices for communication-related goods and services in Portugal, including telephone, internet, postal, and other communication costs.
Q: Why is this trend relevant for users or analysts?
A: The Communication CPI provides important insights into inflation and consumer spending patterns in the Portuguese telecommunications sector, which is a key part of the overall economy.
Q: How is this data collected or calculated?
A: This index is calculated by the National Statistical Institute of Portugal based on a survey of consumer prices.
Q: How is this trend used in economic policy?
A: The Communication CPI is an important input for the Bank of Portugal and other government agencies when setting monetary and fiscal policies to manage inflation and support consumer spending.
Q: Are there update delays or limitations?
A: The Communication CPI is published monthly with a lag of approximately 2 weeks, and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Consumer Price Index: Communication (COICOP 08): Total for Portugal (PRTCP080000IXNBM), retrieved from FRED.