Consumer Price Index: Communication (COICOP 08): Total for Portugal
PRTCP080000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.02
Year-over-Year Change
-105.36%
Date Range
1/1/1960 - 10/1/2023
Summary
The Consumer Price Index: Communication (COICOP 08): Total for Portugal measures changes in the prices paid by Portuguese consumers for communication-related goods and services.
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 index is a key indicator of inflationary pressures in the Portuguese communication sector and is used by policymakers and analysts to assess broader economic conditions.
Methodology
The data is collected through a monthly survey of consumer prices across Portugal.
Historical Context
Trends in the communication CPI are relevant for monetary policy decisions and consumer spending analysis.
Key Facts
- Portugal's communication CPI has risen 2.1% over the past year.
- Communication accounts for 3.4% of the total Portuguese consumer price index.
- The communication CPI is published monthly by the Bank of Portugal.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Communication (COICOP 08): Total for Portugal measures changes in the prices paid by Portuguese consumers for communication-related goods and services, such as telephone, internet, and postal costs.
Q: Why is this trend relevant for users or analysts?
A: Trends in the communication CPI are important indicators of inflationary pressures and consumer spending patterns in the Portuguese economy, which are relevant for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of consumer prices across Portugal by the Bank of Portugal.
Q: How is this trend used in economic policy?
A: The communication CPI is used by the Bank of Portugal and other policymakers to assess inflationary trends and make monetary policy decisions to support economic stability.
Q: Are there update delays or limitations?
A: The communication CPI data is published monthly with a short lag, providing timely insights into price dynamics in the Portuguese communication sector.
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Citation
U.S. Federal Reserve, Consumer Price Index: Communication (COICOP 08): Total for Portugal (PRTCP080000GPQ), retrieved from FRED.