Consumer Price Index: Harmonized Prices: All Items Less Food, Energy, Tobacco, Alcohol: Total for Portugal
PRTCPHPLA01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.50
Year-over-Year Change
200.00%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: All Items Less Food, Energy, Tobacco, Alcohol: Total for Portugal measures changes in the prices paid by Portuguese consumers for a basket of goods and services, excluding food, energy, tobacco, and alcohol.
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 harmonized index is used to track inflation and compare price changes across European Union countries. It's a key economic indicator for assessing the purchasing power of Portuguese consumers and guiding monetary policy decisions.
Methodology
The data is collected through surveys of retail prices and calculated using a fixed basket of consumer goods and services.
Historical Context
The index is widely used by policymakers, analysts, and businesses to monitor inflationary trends in Portugal.
Key Facts
- The index has a base year of 2015.
- Prices are collected from around 150 geographical areas across Portugal.
- The index excludes food, energy, tobacco, and alcohol to focus on core inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices paid by Portuguese consumers for a basket of goods and services, excluding food, energy, tobacco, and alcohol.
Q: Why is this trend relevant for users or analysts?
A: The harmonized CPI is a key indicator of inflationary pressures in Portugal and is used by policymakers and analysts to guide monetary policy and assess the purchasing power of consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail prices and calculated using a fixed basket of consumer goods and services.
Q: How is this trend used in economic policy?
A: The harmonized CPI is used by the European Central Bank and other institutions to monitor inflation and make monetary policy decisions that affect the Portuguese economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: All Items Less Food, Energy, Tobacco, Alcohol: Total for Portugal (PRTCPHPLA01GPM), retrieved from FRED.