Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Portugal
PRTCPIALLAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.55
Year-over-Year Change
21.13%
Date Range
1/1/1955 - 1/1/2024
Summary
The Consumer Price Index (CPI) for Portugal measures changes in the cost of a basket of consumer goods and services. It is a key indicator of inflation and an important tool for policymakers and economists.
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 Portugal tracks the prices of a representative set of consumer items, including food, housing, transportation, and other daily expenses. It is a widely used metric for assessing the purchasing power of the Portuguese currency and the overall state of the economy.
Methodology
The CPI data is collected by Portugal's National Statistics Institute through surveys of consumer expenditures and retail prices.
Historical Context
The CPI is a crucial input for the European Central Bank's monetary policy decisions and serves as a barometer for Portugal's economic health.
Key Facts
- The CPI for Portugal has a base year of 2015.
- Portugal's CPI reached a record high of 13.5% in 1984.
- The CPI is published monthly by the National Statistics Institute.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Portugal measures changes in the prices of a basket of consumer goods and services, providing a key indicator of inflation in the country.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a crucial metric for understanding the purchasing power of the Portuguese currency and the overall state of the economy. It is closely watched by policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The CPI data is collected by Portugal's National Statistics Institute through surveys of consumer expenditures and retail prices.
Q: How is this trend used in economic policy?
A: The CPI for Portugal is a key input for the European Central Bank's monetary policy decisions, as it helps assess the level of inflation and the need for adjustments to interest rates or other policy tools.
Q: Are there update delays or limitations?
A: The CPI for Portugal is published monthly, with a relatively short delay, making it a timely indicator of economic conditions.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Portugal (PRTCPIALLAINMEI), retrieved from FRED.