Harmonized Index of Consumer Prices: Insurance Connected with Transport for Portugal
CP1254PTM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.88
Year-over-Year Change
6.89%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Insurance Connected with Transport for Portugal measures the change in prices for transport-related insurance services in Portugal over time. This metric is a key indicator of inflation and consumer spending patterns in the country.
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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation across European Union member states. The Insurance Connected with Transport component specifically tracks the prices of motor vehicle, motorcycle, and other transport-related insurance services for Portuguese consumers.
Methodology
The data is collected through household surveys and price observations by Portugal's National Statistics Institute.
Historical Context
Policymakers and economists use this HICP indicator to assess broader price dynamics and consumer behavior.
Key Facts
- Portugal's HICP insurance index has risen 2.5% annually on average over the past decade.
- Transport-related insurance accounts for around 3% of the total Portuguese consumer price basket.
- This indicator helps track the affordability of essential services for Portuguese households.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Insurance Connected with Transport for Portugal measures changes in the prices of motor vehicle, motorcycle, and other transport-related insurance services for consumers in the country.
Q: Why is this trend relevant for users or analysts?
A: This HICP component is an important indicator of inflation and consumer spending patterns in Portugal, providing insights into the affordability of essential transport-related insurance services.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and price observations by Portugal's National Statistics Institute.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this HICP indicator to assess broader price dynamics and consumer behavior in Portugal, informing decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of around 2 weeks, providing timely insights but subject to potential revisions.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Insurance Connected with Transport for Portugal (CP1254PTM086NEST), retrieved from FRED.