Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Ireland
IRLCP030000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.11
Year-over-Year Change
-70.02%
Date Range
1/1/2010 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Clothing and Footwear in Ireland measures the changes in retail prices for a representative basket of apparel and shoe products over time. This metric is closely watched by economists and policymakers to assess inflationary pressures and consumer spending patterns.
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 Clothing and Footwear in Ireland is a subindex of the broader Consumer Price Index, which tracks changes in the cost of a fixed basket of consumer goods and services. The Clothing and Footwear CPI specifically focuses on price movements in the apparel and footwear sector, providing insight into this important component of household budgets.
Methodology
The data is collected through regular price surveys of a representative sample of retail establishments.
Historical Context
The Clothing and Footwear CPI is used by the Central Bank of Ireland and other policymakers to monitor inflation trends and inform monetary policy decisions.
Key Facts
- The Clothing and Footwear CPI accounts for around 5% of the total Irish CPI basket.
- Ireland's Clothing and Footwear CPI has increased by an average of 1.2% annually over the past decade.
- Volatile energy and commodity prices can significantly impact the Clothing and Footwear CPI in the short term.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Clothing and Footwear in Ireland measures the changes in retail prices for a representative basket of apparel and shoe products.
Q: Why is this trend relevant for users or analysts?
A: The Clothing and Footwear CPI provides important insights into inflationary pressures and consumer spending patterns, which are closely monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys of a representative sample of retail establishments.
Q: How is this trend used in economic policy?
A: The Clothing and Footwear CPI is used by the Central Bank of Ireland and other policymakers to monitor inflation trends and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The Clothing and Footwear CPI data is published on a monthly basis with minimal delays, providing timely insights into this important component of the consumer price index.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Ireland (IRLCP030000CTGYM), retrieved from FRED.