Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Portugal
PRTCPGRSE01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.47
Year-over-Year Change
18.19%
Date Range
1/1/1949 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Services in Portugal measures the change in prices for a basket of consumer services over time. This key economic indicator provides insights into 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 CPI for Services in Portugal is a component of the overall Consumer Price Index, which tracks the cost of a representative basket of consumer goods and services. The services CPI specifically focuses on price changes for categories like housing, utilities, transportation, and recreation, offering a detailed view of service-sector inflation.
Methodology
The data is collected through regular surveys of consumer prices across Portugal.
Historical Context
The CPI for Services is widely used by policymakers, economists, and market analysts to assess inflationary pressures and consumer demand.
Key Facts
- The CPI for Services in Portugal has a base year of 1999.
- Services account for over 60% of total consumer spending in Portugal.
- The services CPI is a key input for the European Central Bank's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Services in Portugal measures changes in the prices of consumer services over time, providing insights into service-sector inflation.
Q: Why is this trend relevant for users or analysts?
A: The services CPI is an important indicator of overall inflationary pressures and consumer demand, making it relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of consumer prices across Portugal.
Q: How is this trend used in economic policy?
A: The CPI for Services in Portugal is a key input for the European Central Bank's monetary policy decisions, as it helps assess inflationary dynamics in the services sector.
Q: Are there update delays or limitations?
A: The services CPI data is published monthly with minimal delay, providing timely insights into service-sector inflation in Portugal.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Portugal (PRTCPGRSE01GYM), retrieved from FRED.