Consumer Price Index: Harmonized Prices: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Portugal
PRTCPHP0200IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.40
Year-over-Year Change
2.38%
Date Range
1/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Portugal measures price changes for a basket of these goods and services 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 index is part of the Harmonized Index of Consumer Prices (HICP), a set of comparable inflation measures used across the European Union. It provides insight into inflationary trends for a key consumer spending category.
Methodology
The data is collected through a survey of prices paid by consumers.
Historical Context
This index is used by policymakers and analysts to monitor inflation and consumer behavior.
Key Facts
- The index uses 2015 as the base year.
- Portugal is a member of the Eurozone.
- Alcoholic beverages and tobacco make up about 4% of the Portuguese CPI basket.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of alcoholic beverages, tobacco, and narcotics in Portugal as part of the Harmonized Index of Consumer Prices (HICP).
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into inflationary pressures and consumer behavior for a key spending category, which is useful for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through a survey of prices paid by consumers.
Q: How is this trend used in economic policy?
A: This index is used by the European Central Bank and other policymakers to monitor inflation and consumer spending across the Eurozone.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical 2-week delay, and the data can be subject to revisions.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Portugal (PRTCPHP0200IXEBM), retrieved from FRED.