Harmonized Index of Consumer Prices: Food Products N.e.c. for Portugal
CP0119PTM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.53
Year-over-Year Change
0.90%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Food Products Not Elsewhere Classified (N.e.c.) tracks changes in the prices of a broad basket of food items in Portugal over time. This metric is a key indicator of consumer inflation and cost-of-living dynamics for policymakers and analysts.
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 HICP Food Products N.e.c. index measures the monthly price changes for a wide range of food items excluding major categories like meat, fish, dairy, and bread. It provides a comprehensive view of inflationary pressures in the Portuguese food market, which is an important component of overall consumer expenditure.
Methodology
The data is collected through surveys of retail outlets and compiled by Eurostat according to harmonized statistical methods.
Historical Context
Trends in the HICP Food Products N.e.c. index are closely monitored by the European Central Bank and other policymakers to assess and respond to inflationary risks.
Key Facts
- The index has a base year of 2015 = 100.
- Food products N.e.c. account for around 9% of the overall HICP basket in Portugal.
- Prices rose 10.4% year-over-year as of the latest data.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Food Products Not Elsewhere Classified (N.e.c.) tracks monthly changes in the prices of a broad basket of food items in Portugal.
Q: Why is this trend relevant for users or analysts?
A: The HICP Food Products N.e.c. index is a key indicator of consumer inflation and cost-of-living dynamics, providing important insights into inflationary pressures in the Portuguese food market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail outlets and compiled by Eurostat according to harmonized statistical methods.
Q: How is this trend used in economic policy?
A: Trends in the HICP Food Products N.e.c. index are closely monitored by the European Central Bank and other policymakers to assess and respond to inflationary risks.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-3 week lag.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Food Products N.e.c. for Portugal (CP0119PTM086NEST), retrieved from FRED.