Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Portugal
PRTCPHPSE01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.30
Year-over-Year Change
-37.74%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Services in Portugal measures the changes in prices paid by consumers for a basket of services, providing insight into overall price pressures and inflation.
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 PRTCPHPSE01GYM series tracks the Consumer Price Index (CPI) for Services in Portugal, one of the major components of the Harmonized Index of Consumer Prices (HICP). This index is a key economic indicator used to assess the cost of living and overall price levels in the Portuguese economy.
Methodology
The data is collected through surveys of households and businesses by the National Statistical Institute of Portugal.
Historical Context
Policymakers, economists, and investors closely monitor the CPI for Services to gauge inflationary trends and make informed decisions.
Key Facts
- The CPI for Services accounts for around 45% of the overall Portuguese HICP.
- Services inflation has generally been lower than goods inflation in Portugal in recent years.
- The CPI for Services is a valuable indicator of domestic price pressures in the Portuguese economy.
FAQs
Q: What does this economic trend measure?
A: The PRTCPHPSE01GYM series measures the changes in prices paid by consumers for a basket of services in Portugal, a key component of the overall consumer price index.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into inflationary pressures and the cost of living in the Portuguese economy, which is crucial information for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses by the National Statistical Institute of Portugal.
Q: How is this trend used in economic policy?
A: The CPI for Services is closely monitored by the European Central Bank and Portuguese policymakers to inform monetary policy decisions and assess the broader inflationary environment.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis with a short lag, providing timely information on services price dynamics in Portugal.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Portugal (PRTCPHPSE01GYM), retrieved from FRED.