Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Portugal
PRTCPIALLMINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.51
Year-over-Year Change
2.10%
Date Range
1/1/1955 - 4/1/2025
Summary
This economic indicator tracks changes in the Consumer Price Index (CPI) for all items in Portugal, a key measure of inflation and consumer purchasing power.
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 CPI for Portugal, based on the Classification of Individual Consumption by Purpose (COICOP) 1999 framework, reflects the average change in prices paid by Portuguese consumers for a basket of goods and services. It is a widely-used benchmark for monitoring price stability and informing monetary policy decisions.
Methodology
The data is collected through a nationwide survey of consumer expenditures and prices.
Historical Context
CPI trends are closely watched by the European Central Bank and other policymakers for their implications on cost of living, consumer demand, and broader economic conditions.
Key Facts
- Portugal's CPI reached a record high of 9.3% in July 2022.
- The CPI basket includes over 1,000 goods and services commonly purchased by Portuguese households.
- CPI data is released monthly by Portugal's National Statistics Institute.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Portugal tracks changes in the average prices paid by consumers for a basket of common goods and services, providing a key measure of inflation in the country.
Q: Why is this trend relevant for users or analysts?
A: CPI data is crucial for understanding changes in the cost of living, informing monetary policy decisions, and analyzing broader economic conditions in Portugal.
Q: How is this data collected or calculated?
A: The CPI is calculated based on a nationwide survey of consumer expenditures and prices conducted by Portugal's National Statistics Institute.
Q: How is this trend used in economic policy?
A: CPI data is closely monitored by the European Central Bank and other policymakers to assess inflationary pressures and make decisions on interest rates and other monetary policy tools.
Q: Are there update delays or limitations?
A: The CPI data for Portugal is released monthly with a short lag, providing timely insights on price trends, but may not capture all aspects of consumer spending and inflation.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Portugal (PRTCPIALLMINMEI), retrieved from FRED.