Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Portugal
CPHPTT01PTA659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.70
Year-over-Year Change
-3.57%
Date Range
1/1/1996 - 1/1/2024
Summary
The Consumer Price Index (CPI) for Portugal measures changes in the prices of consumer goods and services purchased by Portuguese households. It serves as a key indicator of inflation and is widely used by economists and policymakers to assess the country's economic conditions.
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 is part of the Harmonized Indices of Consumer Prices (HICPs), a set of comparable consumer price indices developed by the European Union. The CPI tracks price changes across a broad basket of consumer expenditures and is a crucial tool for monitoring price stability and informing monetary and fiscal policies.
Methodology
The data is collected through surveys of retail prices by the National Statistics Institute of Portugal.
Historical Context
The CPI for Portugal is closely watched by the European Central Bank and domestic policymakers for its implications on monetary policy decisions.
Key Facts
- The CPI for Portugal has a base year of 2015.
- Portugal's CPI reached an all-time high of 115.97 in July 2022.
- The CPI is published on a monthly basis by the National Statistics Institute of Portugal.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Portugal measures changes in the prices of consumer goods and services purchased by Portuguese households.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Portugal is a crucial indicator of inflation and price stability, providing important insights for economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail prices by the National Statistics Institute of Portugal.
Q: How is this trend used in economic policy?
A: The CPI for Portugal is closely monitored by the European Central Bank and domestic policymakers for its implications on monetary policy decisions.
Q: Are there update delays or limitations?
A: The CPI for Portugal is published on a monthly basis by the National Statistics Institute of Portugal.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Portugal (CPHPTT01PTA659N), retrieved from FRED.