Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Portugal
PRTCP010000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.30
Year-over-Year Change
1.74%
Date Range
1/1/1960 - 12/1/2023
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Portugal measures the change in prices for a basket of food and drink items. This key economic indicator provides insights into consumer spending and inflationary pressures.
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 Food and Non-Alcoholic Beverages in Portugal tracks the monthly changes in the prices of a comprehensive basket of food and non-alcoholic beverage products. It serves as a crucial measure of cost-of-living changes and consumer purchasing power.
Methodology
The Portuguese National Statistics Institute collects detailed price data from retailers to calculate this index.
Historical Context
Policymakers and market analysts closely monitor this CPI component to assess overall inflation trends and consumer behavior.
Key Facts
- The index is calculated with a base year of 2015 = 100.
- Food and non-alcoholic beverages account for over 16% of the Portuguese CPI basket.
- The index reached a record high of 117.12 in June 2022.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Portugal tracks the monthly changes in prices for a basket of food and drink items.
Q: Why is this trend relevant for users or analysts?
A: This CPI component provides crucial insights into consumer spending, inflationary pressures, and overall cost-of-living changes in Portugal.
Q: How is this data collected or calculated?
A: The Portuguese National Statistics Institute collects detailed price data from retailers to calculate this index.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this CPI component to assess overall inflation trends and consumer behavior.
Q: Are there update delays or limitations?
A: The index is published monthly with a short delay, providing timely information on price changes.
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Citation
U.S. Federal Reserve, Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Portugal (PRTCP010000IXNBM), retrieved from FRED.