Consumer Price Index: Transport (COICOP 07): Total for Portugal
PRTCP070000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.02
Year-over-Year Change
17.10%
Date Range
1/1/1960 - 10/1/2023
Summary
The Consumer Price Index for Transport (COICOP 07) in Portugal measures the change in prices for transportation goods and services, a key indicator of inflation and consumer spending.
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 Transport CPI for Portugal tracks the prices of items such as vehicles, fuel, public transportation, and other transport-related expenses. It is a crucial metric for policymakers and economists to understand broader inflationary pressures and consumer behavior.
Methodology
The data is collected through a survey of households and businesses by Portugal's National Statistics Institute.
Historical Context
The Transport CPI is used by the Bank of Portugal and European Central Bank to inform monetary policy decisions.
Key Facts
- The base year for the Transport CPI in Portugal is 2015.
- Transportation accounts for around 15% of the total consumer price index in Portugal.
- Fuel and vehicle prices are the largest components of the Transport CPI.
FAQs
Q: What does this economic trend measure?
A: The Transport CPI for Portugal measures the change in prices for transportation goods and services, including vehicles, fuel, and public transit.
Q: Why is this trend relevant for users or analysts?
A: The Transport CPI is a key indicator of inflationary pressures and consumer spending, providing important insights for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through a household and business survey by Portugal's National Statistics Institute.
Q: How is this trend used in economic policy?
A: The Transport CPI is used by the Bank of Portugal and European Central Bank to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The Transport CPI for Portugal is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Consumer Price Index: Transport (COICOP 07): Total for Portugal (PRTCP070000IXNBQ), retrieved from FRED.