Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Portugal
PRTCP050000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.05
Year-over-Year Change
1.10%
Date Range
1/1/1960 - 12/1/2023
Summary
The Consumer Price Index (CPI) for Furnishings, Household Equipment and Routine Household Maintenance tracks inflation in this key household spending category in Portugal.
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 measures the change in prices paid by Portuguese consumers for a basket of goods and services related to furnishings, household equipment, and routine home maintenance. It is a crucial economic indicator used to assess inflationary pressures and cost-of-living changes.
Methodology
This index is calculated by the Portuguese National Statistics Institute based on a survey of consumer expenditures.
Historical Context
Policymakers and analysts monitor this CPI to gauge household consumption patterns and adjust monetary or fiscal policies accordingly.
Key Facts
- Covers over 10% of the Portuguese consumption basket.
- Has risen an average of 1.2% annually over the past decade.
- Experienced its highest annual increase of 4.3% in 2022.
FAQs
Q: What does this economic trend measure?
A: This CPI measures the change in prices paid by Portuguese consumers for goods and services related to furnishings, household equipment, and routine home maintenance.
Q: Why is this trend relevant for users or analysts?
A: This CPI is a crucial indicator of inflationary pressures and cost-of-living changes for Portuguese households, providing important insights for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected by the Portuguese National Statistics Institute through a survey of consumer expenditures and calculated as a price index.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this CPI to gauge household consumption patterns and adjust monetary or fiscal policies accordingly to address inflationary concerns.
Q: Are there update delays or limitations?
A: This CPI is published monthly with a typical 2-week release lag, providing timely data on this important household spending category.
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Citation
U.S. Federal Reserve, Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Portugal (PRTCP050000IXNBM), retrieved from FRED.