Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing: Total for Portugal
PRTCP040100GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.26
Year-over-Year Change
5.97%
Date Range
1/1/1960 - 12/1/2023
Summary
The Consumer Price Index for Housing, Water, Electricity, Gas, and Other Fuels in Portugal measures changes in the cost of essential household expenses. This key economic indicator is closely tracked by policymakers and analysts to assess inflation and consumer spending trends.
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 series represents the price index for actual rentals for housing, including costs for water, electricity, gas, and other fuels. It is a component of the overall Consumer Price Index (CPI) and provides insight into housing-related expenses, a major driver of household budgets and consumer inflation.
Methodology
The data is collected through surveys of households and businesses by the National Statistics Institute of Portugal.
Historical Context
Trends in this index are used by the Bank of Portugal and European Central Bank to inform monetary policy decisions.
Key Facts
- Portugal's housing CPI has risen 2.4% annually on average over the past decade.
- Household utilities and fuels account for over 20% of the average Portuguese consumer's monthly expenses.
- Stable housing costs are a key policy objective for the Bank of Portugal.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices paid by Portuguese consumers for housing-related expenses, including actual rents, utilities, and household fuels.
Q: Why is this trend relevant for users or analysts?
A: Housing costs are a major component of household budgets, so this index provides valuable insight into inflationary pressures and the cost of living in Portugal.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses conducted by Portugal's National Statistics Institute.
Q: How is this trend used in economic policy?
A: The Bank of Portugal and European Central Bank monitor this index to help inform monetary policy decisions aimed at maintaining price stability and supporting economic growth.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two weeks, providing timely insights on housing-related inflation.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing: Total for Portugal (PRTCP040100GPM), retrieved from FRED.