Consumer Price Index: Harmonized Prices: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Portugal
PRTCPHP0500IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.26
Year-over-Year Change
1.20%
Date Range
1/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Portugal measures the price changes of consumer goods and services related to the furnishings and maintenance of households in Portugal.
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 economic indicator tracks the inflation rate for a basket of household-related goods and services in Portugal, providing insights into consumer spending and inflationary pressures within this sector of the economy.
Methodology
The data is collected through a monthly survey of consumer prices across Portugal.
Historical Context
Policymakers and economists use this index to assess changes in the cost of living and inform decisions on monetary and fiscal policies.
Key Facts
- The index is based on a survey of over 20,000 retail outlets across Portugal.
- The base year for the index is 2015 = 100.
- Household furnishings and maintenance account for approximately 6% of the total CPI basket in Portugal.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the price changes of consumer goods and services related to furnishings, household equipment, and routine household maintenance in Portugal.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into inflationary pressures within the household goods and services sector, which is an important component of overall consumer spending and cost of living in Portugal.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of consumer prices across a sample of retail outlets in Portugal.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess changes in the cost of living and inform decisions on monetary and fiscal policies in Portugal.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 2-3 weeks from the end of the reference period.
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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 (PRTCPHP0500IXEBM), retrieved from FRED.