Consumer Price Index: OECD Groups: Goods: Total for Portugal
PRTCPGRGO01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.81
Year-over-Year Change
79.18%
Date Range
1/1/1960 - 12/1/2023
Summary
The Consumer Price Index (CPI) for Goods: Total in Portugal, as defined by the Organisation for Economic Co-operation and Development (OECD), is a key economic indicator measuring the changes in consumer prices for a basket of goods over time.
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 CPI for Goods: Total in Portugal tracks the cost of a representative sample of consumer goods and services purchased by Portuguese households. It is used to assess the rate of inflation and inform economic policymaking.
Methodology
The data is collected through regular surveys of consumer expenditures and prices.
Historical Context
This CPI metric is widely referenced by policymakers, analysts, and consumers to understand cost-of-living trends and their impact on the broader Portuguese economy.
Key Facts
- The base year for this CPI series is 2015.
- Goods account for approximately 50% of the consumer expenditure basket in Portugal.
- CPI is a leading indicator of overall economic health and consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This metric measures changes in the prices of consumer goods purchased by households in Portugal, as defined by the OECD.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Goods: Total is a key indicator of inflationary pressures and cost-of-living changes, informing economic policy decisions and consumer spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of consumer expenditures and prices by statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this CPI metric to monitor inflation and make adjustments to monetary and fiscal policies accordingly.
Q: Are there update delays or limitations?
A: The CPI data is typically published on a monthly basis with a short time lag, allowing for timely analysis of economic conditions.
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Portugal
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Goods: Total for Portugal (PRTCPGRGO01GPM), retrieved from FRED.