Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Portugal
PRTCP030000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.59
Year-over-Year Change
28.94%
Date Range
1/1/1960 - 10/1/2023
Summary
The Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Portugal measures changes in the prices of clothing and footwear goods and services purchased by Portuguese consumers. This trend is a key indicator of 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 Consumer Price Index (CPI) is a measure of the average change in prices paid by consumers for a basket of goods and services. The Clothing and Footwear (COICOP 03) component specifically tracks the price changes in this category for the Portuguese economy.
Methodology
The data is collected through surveys of consumer expenditures and retail prices.
Historical Context
This CPI component is used by policymakers and analysts to assess inflationary trends and inform economic decision-making.
Key Facts
- The CPI Clothing and Footwear index for Portugal has a base year of 2015.
- This index is published monthly by the U.S. Federal Reserve.
- Portugal's CPI Clothing and Footwear index reached a record high in 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the prices of clothing and footwear goods and services purchased by consumers in Portugal.
Q: Why is this trend relevant for users or analysts?
A: The CPI Clothing and Footwear index is a key indicator of consumer spending and inflationary pressures in the Portuguese economy, which is important for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and retail prices.
Q: How is this trend used in economic policy?
A: This CPI component is used by policymakers and analysts to assess inflationary trends and inform economic decision-making in Portugal.
Q: Are there update delays or limitations?
A: The CPI Clothing and Footwear index for Portugal is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Portugal (PRTCP030000GPQ), retrieved from FRED.