Consumer Price Index: Harmonized Prices: Communication (COICOP 08): Total for Portugal
PRTCPHP0800GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Communication (COICOP 08): Total for Portugal measures the change in prices for communication goods and services in Portugal, as part of the harmonized index of consumer prices.
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 tracks the prices of communication-related products and services in Portugal, which include items like telephone and internet services, postal charges, and equipment. It is a key indicator of inflationary pressures in the communication sector and part of the broader consumer price index for the country.
Methodology
The data is collected through surveys of households and businesses by Statistics Portugal.
Historical Context
This index is used by policymakers and economists to assess trends in the cost of living and communication services in Portugal.
Key Facts
- Communication makes up about 2.5% of the consumer price index in Portugal.
- The index has increased by an average of 1.2% per year over the past decade.
- Prices for communication services are monitored closely by the Bank of Portugal.
FAQs
Q: What does this economic trend measure?
A: This index measures the change in prices for communication goods and services in Portugal, including items like telephone, internet, and postal services.
Q: Why is this trend relevant for users or analysts?
A: The communication component of the consumer price index is an important indicator of inflationary pressures and the cost of living in Portugal.
Q: How is this data collected or calculated?
A: The data is collected through household and business surveys conducted by Statistics Portugal.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess inflation and cost-of-living trends, which can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a lag of approximately one month.
Related Trends
Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 25 to 54 Years for Portugal
LRAC25TTPTQ156S
Harmonized Index of Consumer Prices: Non-Alcoholic Beverages for Portugal
CP0120PTM086NEST
Amount Outstanding of Total Debt Securities for All Issuers, All Maturities, Residence of Issuer in Portugal
TDSAMRIAOAIPT
Literacy Rate, Adult Total for Portugal
SEADTLITRZSPRT
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Portugal
CPHPTT01PTA659N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Water Supply and Miscellaneous Services Relating to the Dwelling for Portugal
PRTCP040400GYM
Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Communication (COICOP 08): Total for Portugal (PRTCPHP0800GPM), retrieved from FRED.