Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Portugal
PRTCP040500GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.12
Year-over-Year Change
-1454.38%
Date Range
1/1/1960 - 12/1/2023
Summary
The Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Portugal measures changes in the prices of electricity, gas, and other fuels in Portugal. This key indicator helps economists and policymakers assess trends in household energy costs and overall inflation.
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 economic series tracks the prices of electricity, natural gas, and other household fuels in Portugal. It is a subcomponent of the broader Housing, Water, Electricity, Gas and Other Fuels price index, a key measure of consumer inflation. Energy costs are a significant driver of household budgets, so this data provides important insights into the cost-of-living environment.
Methodology
The data is collected through a nationwide survey of consumer prices.
Historical Context
Policymakers and central banks monitor this index to inform decisions on interest rates, subsidies, and other policies affecting household energy expenses.
Key Facts
- Energy costs account for over 10% of the average Portuguese household budget.
- Electricity and natural gas prices have risen over 20% in Portugal since 2015.
- Household fuel costs are a key input for the broader consumer price index in Portugal.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks changes in the prices of electricity, natural gas, and other household fuels in Portugal, a key component of consumer inflation.
Q: Why is this trend relevant for users or analysts?
A: Energy costs are a significant driver of household budgets, so this data provides important insights into the cost-of-living environment and can inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor this index to inform decisions on interest rates, subsidies, and other policies affecting household energy expenses.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Portugal (PRTCP040500GPM), retrieved from FRED.