Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Portugal
PRTCPIENGAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.68
Year-over-Year Change
16.78%
Date Range
1/1/1948 - 1/1/2024
Summary
The Consumer Price Index (CPI) for Energy in Portugal measures the changes in the prices of energy-related goods and services. This indicator is crucial for understanding the overall cost of living and inflationary pressures in the Portuguese economy.
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 Energy in Portugal is a sub-index of the broader Consumer Price Index, which tracks the prices of a basket of consumer goods and services. The energy CPI specifically focuses on the prices of fuel, electricity, and other energy-related expenditures, providing insights into the cost of powering households and businesses.
Methodology
The data is collected through surveys of retailers and service providers, with prices aggregated and weighted to produce the final index.
Historical Context
The energy CPI is used by policymakers and economists to assess inflationary trends and make informed decisions about monetary and fiscal policies.
Key Facts
- The CPI for Energy in Portugal has a base year of 2015.
- Energy accounts for approximately 10% of the total CPI basket in Portugal.
- Prices for energy-related goods and services can significantly impact overall inflation and consumer spending.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Energy in Portugal measures the changes in the prices of energy-related goods and services, including fuel, electricity, and other energy expenditures.
Q: Why is this trend relevant for users or analysts?
A: The energy CPI is a crucial indicator for understanding the overall cost of living and inflationary pressures in the Portuguese economy, as energy-related costs can significantly impact consumer spending and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and service providers, with prices aggregated and weighted to produce the final index.
Q: How is this trend used in economic policy?
A: The energy CPI is used by policymakers and economists to assess inflationary trends and make informed decisions about monetary and fiscal policies in Portugal.
Q: Are there update delays or limitations?
A: The energy CPI data is typically published on a monthly basis, with some potential for short delays in data availability.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Portugal (PRTCPIENGAINMEI), retrieved from FRED.