Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Portugal
Monthly
CPGREN01PTM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.21
Year-over-Year Change
-48.37%
Date Range
1/1/1960 - 12/1/2023
Summary
The Personal Consumption Expenditures (PCE) Green Goods and Services Price Index measures changes in consumer prices for environmentally friendly goods and services.
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 PCE Green Goods and Services Price Index tracks price fluctuations in a basket of consumer purchases that are considered environmentally sustainable or 'green.' This index provides insight into the cost trends of eco-friendly products and services, which is useful for evaluating green consumer behavior and the transition to a low-carbon economy.
Methodology
The index is calculated by the U.S. Bureau of Economic Analysis based on consumer spending data.
Historical Context
Policymakers and analysts monitor this index to understand the economic incentives and barriers related to green consumption.
Key Facts
- The index has a base year of 2012.
- Green goods account for about 2% of total consumer spending.
- Prices for green goods have risen faster than overall inflation since 2012.
FAQs
Q: What does this economic trend measure?
A: The PCE Green Goods and Services Price Index tracks changes in consumer prices for environmentally sustainable products and services.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into the economic incentives and barriers related to green consumer behavior, which is important for evaluating the transition to a low-carbon economy.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis based on consumer spending data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this index to understand the cost trends of eco-friendly products and services, which can inform policies and programs aimed at promoting sustainable consumption.
Q: Are there update delays or limitations?
A: The index is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Green Goods and Services (CPGREN01PTM657N), retrieved from FRED.