Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing for Portugal
PRTCPHP0401GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.40
Year-over-Year Change
33.33%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices for Housing, Water, Electricity, Gas and Other Fuels in Portugal measures changes in the cost of actual rentals for housing. This metric is a key indicator of inflationary pressures in the Portuguese housing market.
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
This index is part of the Harmonized Index of Consumer Prices (HICP), a standardized measure of inflation used across the European Union. It tracks changes in the prices paid by Portuguese consumers for actual rental housing, providing insight into housing affordability and cost-of-living trends.
Methodology
The data is collected through surveys of Portuguese households and businesses.
Historical Context
Policymakers and economists use this index to assess inflationary risks and determine appropriate monetary policy responses.
Key Facts
- This index is part of the Harmonized Index of Consumer Prices (HICP).
- The index measures changes in the cost of actual rentals for housing in Portugal.
- Policymakers use this metric to assess inflationary pressures in the Portuguese housing market.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices paid by Portuguese consumers for actual rental housing, a key component of the cost of living.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into housing affordability and inflationary pressures in the Portuguese economy, which is crucial information for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Portuguese households and businesses.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this index to assess inflationary risks and determine appropriate monetary policy responses to maintain price stability.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the index may not capture all aspects of housing costs in Portugal.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing for Portugal (PRTCPHP0401GPM), retrieved from FRED.