Consumer Price Index: Total Food Excluding Restaurants for Ireland
CPGDFD02IEM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.31
Year-over-Year Change
-48.97%
Date Range
11/1/1975 - 5/1/2018
Summary
The Consumer Price Index: Total Food Excluding Restaurants for Ireland measures changes in the prices of food consumed at home by Irish households, excluding food purchased at restaurants.
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 is a key indicator of domestic food price inflation in Ireland. It helps economists and policymakers understand trends in the cost of living and household purchasing power.
Methodology
The data is collected through surveys of Irish consumers and businesses.
Historical Context
The index is used to guide monetary and fiscal policies aimed at managing inflation.
Key Facts
- The index has a base year of 2015.
- Food accounts for over 15% of the typical Irish household's expenditures.
- Prices are surveyed across a wide range of food items, from meats to produce.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Total Food Excluding Restaurants for Ireland measures changes in the prices of food consumed at home by Irish households, excluding food purchased at restaurants.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of domestic food price inflation in Ireland, helping economists and policymakers understand trends in the cost of living and household purchasing power.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Irish consumers and businesses.
Q: How is this trend used in economic policy?
A: The index is used to guide monetary and fiscal policies aimed at managing inflation in Ireland.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical 1-2 month delay, and may not capture all regional or seasonal variations in food prices.
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Citation
U.S. Federal Reserve, Consumer Price Index: Total Food Excluding Restaurants for Ireland (CPGDFD02IEM657N), retrieved from FRED.