Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Ireland
CPGRLE01IEA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.70
Year-over-Year Change
-436.74%
Date Range
1/1/1976 - 1/1/2022
Summary
The Consumer Price Index (OECD Groups: All Items Non-Food Non-Energy: Total) for Ireland measures changes in the prices of goods and services, excluding food and energy, providing insights into underlying inflationary pressures in the Irish 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
This economic indicator tracks the price movements of a basket of consumer goods and services, excluding volatile food and energy items, to assess core inflationary trends in Ireland. It is widely used by policymakers, economists, and analysts to understand the broader trajectory of prices and guide economic decision-making.
Methodology
The data is collected through a national survey of consumer expenditures and prices, then aggregated and calculated by the OECD.
Historical Context
This index is a key input for the Central Bank of Ireland and other policymakers in monitoring and managing price stability in the Irish economy.
Key Facts
- Ireland's non-food, non-energy CPI has risen by an average of 1.2% annually over the past decade.
- The index excludes volatile food and energy prices to provide a clearer signal of underlying inflationary pressures.
- Policymakers closely monitor this metric to guide monetary and fiscal policy decisions.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks changes in the prices of consumer goods and services in Ireland, excluding food and energy, to provide insights into core inflationary pressures.
Q: Why is this trend relevant for users or analysts?
A: This non-food, non-energy CPI is a key metric used by policymakers, economists, and market analysts to assess the broader trajectory of prices and guide economic decision-making in Ireland.
Q: How is this data collected or calculated?
A: The data is collected through a national survey of consumer expenditures and prices, then aggregated and calculated by the OECD.
Q: How is this trend used in economic policy?
A: The Central Bank of Ireland and other policymakers closely monitor this index to inform monetary and fiscal policy decisions aimed at maintaining price stability in the Irish economy.
Q: Are there update delays or limitations?
A: The OECD publishes this non-food, non-energy CPI data for Ireland on a monthly basis, with a typical lag of 1-2 months.
Related Trends
Consumer Price Index: All Items: Total for Ireland
CPALTT01IEA657N
Stock Market Total Value Traded to GDP for Ireland
DDDM02IEA156NWDB
Real Gross Fixed Capital Formation for Ireland
NFIRXDCIRA
Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Ireland
IRLCPHP1200GPM
Harmonized Index of Consumer Prices: Equipment for Sport, Camping and Open-Air Recreation for Ireland
CP0932IEM086NEST
National Accounts: GDP by Expenditure: Current Prices: Private Final Consumption Expenditure for Ireland
IRLPFCEQDSMEI
Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Ireland (CPGRLE01IEA657N), retrieved from FRED.