Consumer Price Index: Transport (COICOP 07): Total for Portugal
PRTCP070000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.43
Year-over-Year Change
133.80%
Date Range
1/1/1960 - 10/1/2023
Summary
The Consumer Price Index (CPI) for Transportation in Portugal measures the change in prices for a basket of transportation-related goods and services. It is a key indicator of inflationary pressures and consumer purchasing power in the transportation sector.
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 CPI for Transport in Portugal is a subcomponent of the broader CPI, which tracks the average change in prices paid by consumers for a representative basket of goods and services. The transport CPI specifically focuses on costs related to vehicle purchases, fuel, public transportation, and other transportation expenditures.
Methodology
The data is collected through surveys of consumer prices and spending patterns across Portugal.
Historical Context
The transportation CPI is closely monitored by policymakers and analysts to assess the impact of economic conditions and policy decisions on consumer inflation.
Key Facts
- The transportation CPI has a weight of around 15% in the overall Portuguese CPI basket.
- Fuel costs are the largest component of the transport CPI, accounting for over 40% of the index.
- The transport CPI reached a record high in 2022 amid rising global energy prices.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Transport in Portugal measures the change in prices for a basket of transportation-related goods and services, including vehicle purchases, fuel, and public transit fares.
Q: Why is this trend relevant for users or analysts?
A: The transportation CPI is a key indicator of inflationary pressures in the Portuguese economy, providing insights into consumer purchasing power and the cost of living for households.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of consumer prices and spending patterns across Portugal.
Q: How is this trend used in economic policy?
A: The transportation CPI is closely monitored by policymakers and analysts to assess the impact of economic conditions and policy decisions on consumer inflation and overall price stability.
Q: Are there update delays or limitations?
A: The transportation CPI data is typically published on a monthly basis with a short lag, providing timely insights into price trends in the sector.
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Citation
U.S. Federal Reserve, Consumer Price Index: Transport (COICOP 07): Total for Portugal (PRTCP070000GPQ), retrieved from FRED.