National Accounts: National Accounts Deflators: Private Consumption Expenditure Deflator: Implicit Price Deflator Total for Portugal
PRTNAGICE01IXOBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.99
Year-over-Year Change
16.28%
Date Range
1/1/1995 - 7/1/2023
Summary
The Private Consumption Expenditure Deflator for Portugal measures inflation in consumer spending. It is a key indicator for assessing the overall price level and real purchasing power in 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 Private Consumption Expenditure Deflator is a broad measure of price changes for all goods and services purchased by Portuguese households. It is used to adjust nominal consumer spending data for inflation, providing a more accurate picture of real economic activity and standards of living.
Methodology
The data is calculated by the Portuguese National Statistics Institute based on a comprehensive survey of consumer prices.
Historical Context
Economists and policymakers closely monitor this deflator to gauge inflationary pressures and make informed decisions about monetary and fiscal policies.
Key Facts
- The base year for the deflator is 2015.
- The deflator reached a high of 105.4 in 2021.
- Portugal's deflator has risen at an average annual rate of 1.2% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Private Consumption Expenditure Deflator measures the overall change in prices for goods and services purchased by Portuguese households.
Q: Why is this trend relevant for users or analysts?
A: This deflator is a crucial indicator for assessing the real purchasing power of consumers and the overall pace of inflation in the Portuguese economy.
Q: How is this data collected or calculated?
A: The data is calculated by the Portuguese National Statistics Institute based on a comprehensive survey of consumer prices.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this deflator closely to make informed decisions about monetary and fiscal policies to manage inflationary pressures.
Q: Are there update delays or limitations?
A: The deflator data is published quarterly with a relatively short lag, providing timely information for economic analysis and policymaking.
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Citation
U.S. Federal Reserve, National Accounts: National Accounts Deflators: Private Consumption Expenditure Deflator: Implicit Price Deflator Total for Portugal (PRTNAGICE01IXOBSAQ), retrieved from FRED.