Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Portugal
PRTCP040000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.74
Year-over-Year Change
-6.14%
Date Range
1/1/1960 - 12/1/2023
Summary
The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas, and Other Fuels in Portugal measures changes in the prices of these essential household expenses. It is a key indicator of inflation and cost-of-living trends for policymakers and consumers.
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 Housing, Water, Electricity, Gas, and Other Fuels CPI represents the price changes for a basket of goods and services related to housing and utilities in Portugal. It is part of the broader CPI, which is the primary measure of inflation used by the European Central Bank and Portuguese government.
Methodology
The Portuguese statistical agency, INE, collects price data from a representative sample of retail establishments to calculate this index.
Historical Context
Trends in the Housing CPI are closely watched by economists and policymakers to assess the impact of energy and housing costs on consumer budgets and inflation.
Key Facts
- The Housing CPI accounts for about 23% of the total CPI basket in Portugal.
- Household utility costs make up the largest component of the Housing CPI at around 60%.
- Prices in the Housing CPI have risen faster than the overall CPI in Portugal over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas, and Other Fuels in Portugal measures changes in the prices of these essential household expenses.
Q: Why is this trend relevant for users or analysts?
A: Trends in the Housing CPI are closely watched by economists and policymakers to assess the impact of energy and housing costs on consumer budgets and inflation.
Q: How is this data collected or calculated?
A: The Portuguese statistical agency, INE, collects price data from a representative sample of retail establishments to calculate this index.
Q: How is this trend used in economic policy?
A: The Housing CPI is a key indicator used by the European Central Bank and Portuguese government to monitor and respond to inflation pressures.
Q: Are there update delays or limitations?
A: The Housing CPI is published monthly by INE with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Portugal (PRTCP040000IXNBM), retrieved from FRED.