Harmonized Index of Consumer Prices: Goods (Overall Index Excluding Services) for Portugal
GOODS0PTM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.10
Year-over-Year Change
1.31%
Date Range
12/1/1999 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Goods (Overall Index Excluding Services) tracks the change in prices of goods purchased by consumers in Portugal. This metric is a key indicator of inflation and consumer spending.
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 Goods index measures the price changes of a broad basket of consumer goods, excluding services, in Portugal. It is a harmonized metric used across the European Union to enable cross-country comparisons of inflation rates.
Methodology
The data is collected through surveys of consumer purchases and calculated using a standardized methodology.
Historical Context
The HICP Goods index is closely monitored by the European Central Bank and policymakers to assess inflationary pressures and guide monetary policy decisions.
Key Facts
- The HICP Goods index is published monthly by Eurostat.
- Portugal's HICP Goods index is a component of the overall EU HICP.
- This metric excludes volatile food and energy prices to provide a core measure of consumer inflation.
FAQs
Q: What does this economic trend measure?
A: The HICP Goods index measures the changes in prices for a basket of consumer goods, excluding services, purchased by households in Portugal.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of inflationary pressures and consumer spending patterns in Portugal, providing important insights for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and calculated using a standardized Eurostat methodology to ensure harmonization across the EU.
Q: How is this trend used in economic policy?
A: The HICP Goods index is closely monitored by the European Central Bank and other policymakers to assess inflationary pressures and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP Goods index is published monthly by Eurostat with a typical delay of around 4 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Goods (Overall Index Excluding Services) for Portugal (GOODS0PTM086NEST), retrieved from FRED.