Consumer Price Index: Harmonized Prices: Education (COICOP 10): Total for Portugal
PRTCPHP1000IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.09
Year-over-Year Change
4.02%
Date Range
1/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Education (COICOP 10): Total for Portugal measures changes in the prices of education-related goods and services for consumers 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 tracks the prices of items and services related to education, including tuition fees, textbooks, and other school supplies. It is a key indicator of inflation and consumer spending trends within the Portuguese education sector.
Methodology
The data is collected through surveys of consumer prices across Portugal and aggregated into this harmonized index.
Historical Context
Policymakers and analysts use this index to assess the cost-of-living and inflationary pressures facing Portuguese households.
Key Facts
- The index is calculated with a base year of 2015 = 100.
- Education accounts for around 2% of the total consumer price index in Portugal.
- Prices in the education sector have risen by 10% since 2015.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of education-related goods and services consumed by households in Portugal.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation and cost-of-living pressures facing Portuguese consumers, particularly those with school-age children.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices across Portugal and aggregated into a harmonized index.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess inflationary pressures and the cost-of-living for Portuguese households, which can inform decisions around education funding and social policies.
Q: Are there update delays or limitations?
A: This index is published monthly with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Education (COICOP 10): Total for Portugal (PRTCPHP1000IXEBM), retrieved from FRED.