Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Portugal
PRTCP020000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.30
Year-over-Year Change
-0.13%
Date Range
1/1/1948 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Portugal measures changes in the prices of these consumer goods and services over time.
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
This CPI trend is a key economic indicator that tracks inflation in the alcoholic beverages, tobacco, and narcotics sector of the Portuguese consumer market. It is used by policymakers and analysts to understand broader price dynamics and consumer spending patterns.
Methodology
The Portuguese Statistical Institute collects price data through surveys of retailers and service providers to calculate this index.
Historical Context
This CPI trend is monitored by the Bank of Portugal and European Central Bank to inform monetary and fiscal policy decisions.
Key Facts
- The index has a base year of 2015.
- Alcoholic beverages, tobacco, and narcotics account for over 4% of the Portuguese consumer basket.
- Prices in this sector tend to be less volatile than broader consumer prices.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of alcoholic beverages, tobacco, and narcotics purchased by Portuguese consumers over time.
Q: Why is this trend relevant for users or analysts?
A: This CPI trend provides insight into inflationary pressures and consumer spending patterns in a key product category, informing policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The Portuguese Statistical Institute gathers price data through surveys of retailers and service providers to calculate this index.
Q: How is this trend used in economic policy?
A: The Bank of Portugal and European Central Bank monitor this CPI trend to help guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: This index is published monthly with minimal delays, providing timely data on price changes in the alcoholic beverages, tobacco, and narcotics sector.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Portugal (PRTCP020000IXOBM), retrieved from FRED.