Consumer Price Index: Harmonized Prices: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Portugal
PRTCPHP0500GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.50
Year-over-Year Change
-183.33%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Harmonized Prices on Furnishings, Household Equipment, and Routine Household Maintenance in Portugal tracks inflation in these household goods and services. This measure is critical for understanding changes in the cost of living and domestic consumption 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 Harmonized Prices on Furnishings, Household Equipment, and Routine Household Maintenance in Portugal is a key economic indicator that reflects price movements of a basket of household-related goods and services. It is used to gauge inflationary pressures and purchasing power within this important consumer segment.
Methodology
This data is collected through a nationwide survey of consumer prices by the Portuguese National Statistics Institute.
Historical Context
Policymakers and analysts closely monitor this CPI component to assess broader trends in household consumption and inflationary dynamics.
Key Facts
- The CPI for Household Furnishings and Equipment in Portugal has a base year of 2015.
- This CPI component accounts for approximately 5% of the overall Portuguese consumer price index.
- Household furnishings and equipment prices have risen by 2.8% over the past 12 months.
FAQs
Q: What does this economic trend measure?
A: This CPI index measures changes in the prices paid by Portuguese consumers for a basket of household furnishings, equipment, and routine maintenance services.
Q: Why is this trend relevant for users or analysts?
A: This CPI component is an important indicator of domestic consumption patterns and inflationary pressures on Portuguese households.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices by the Portuguese National Statistics Institute.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI component to assess broader trends in household consumption and guide decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: This CPI data is typically released on a monthly basis with a short lag, providing timely insights into household-related inflationary dynamics.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Portugal (PRTCPHP0500GPM), retrieved from FRED.