Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Portugal
PRTCPHPSE01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.25
Year-over-Year Change
3.31%
Date Range
1/1/1996 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Services in Portugal measures changes in the prices paid by consumers for a basket of service-related goods and services. It is a key indicator of inflation and a vital metric for policymakers and analysts monitoring the health of the Portuguese economy.
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 Services in Portugal is part of the Harmonized Index of Consumer Prices (HICP), a standardized measure of inflation used across the Eurozone. It tracks the price changes of a representative basket of service-related items, including housing, utilities, transportation, communication, recreation, and other services consumed by Portuguese households.
Methodology
The data is collected through regular surveys of prices charged by retailers and service providers across Portugal.
Historical Context
Central banks and government agencies use this index to guide monetary and fiscal policy decisions.
Key Facts
- The CPI for Services in Portugal uses 2015 as the base year.
- Services account for over 50% of the total consumer expenditure in Portugal.
- The index has shown moderate annual inflation in the Portuguese service sector in recent years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Services in Portugal tracks the changes in prices paid by consumers for a basket of service-related goods and services, including housing, utilities, transportation, communication, recreation, and other services.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Services is a key indicator of inflation in the Portuguese economy, providing important insights into price dynamics and consumer spending patterns. It is used by policymakers, economists, and analysts to guide economic decisions and assess the overall health of the service sector.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of prices charged by retailers and service providers across Portugal.
Q: How is this trend used in economic policy?
A: Central banks and government agencies use this index to help inform monetary and fiscal policy decisions, as it provides valuable information about inflationary pressures and consumer spending habits in the service sector.
Q: Are there update delays or limitations?
A: The CPI for Services in Portugal is published on a monthly basis, with some potential for minor delays in data reporting.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Portugal (PRTCPHPSE01IXOBM), retrieved from FRED.