Consumer Price Index: Food for Portugal
PRTCPIFODMINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.28
Year-over-Year Change
0.70%
Date Range
1/1/1960 - 5/1/2018
Summary
The Consumer Price Index: Food for Portugal measures the changes in retail prices for food and non-alcoholic beverages in Portugal. This economic indicator is closely monitored by policymakers and analysts to assess inflationary pressures and household 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 Consumer Price Index: Food for Portugal is a key metric used to track the cost of living in Portugal. It reflects the average change in prices paid by Portuguese consumers for a basket of food and non-alcoholic drink items. This data is widely referenced to understand trends in domestic consumer prices and support economic decision-making.
Methodology
The Portuguese National Statistical Institute collects price data from a representative sample of retail outlets to calculate the monthly Consumer Price Index: Food.
Historical Context
The food CPI is an important input for the European Central Bank's monetary policy decisions affecting Portugal and the Eurozone.
Key Facts
- The food CPI reached a 10-year high in 2022.
- Food accounts for around 20% of the Portuguese consumer price index basket.
- Rising food prices have contributed to high overall inflation in Portugal.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Food for Portugal measures the changes in retail prices for a basket of food and non-alcoholic beverage items consumed by Portuguese households.
Q: Why is this trend relevant for users or analysts?
A: This food CPI metric is closely tracked by policymakers, economists, and consumers to assess inflationary pressures and the cost of living in Portugal.
Q: How is this data collected or calculated?
A: The Portuguese National Statistical Institute collects price data from a sample of retail outlets to calculate the monthly Consumer Price Index: Food.
Q: How is this trend used in economic policy?
A: The food CPI is an important input for the European Central Bank's monetary policy decisions affecting Portugal and the Eurozone.
Q: Are there update delays or limitations?
A: The Consumer Price Index: Food for Portugal is published monthly with a short lag, providing timely data on changes in food prices.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Portugal
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Portugal
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Infra-Annual Labor Statistics: Unemployment Total: From 15 to 24 Years for Portugal
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Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for Portugal
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Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Ratio to trend for Portugal
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Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Portugal
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Citation
U.S. Federal Reserve, Consumer Price Index: Food for Portugal (PRTCPIFODMINMEI), retrieved from FRED.