Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Ireland
IRLCP030000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.61
Year-over-Year Change
-61.02%
Date Range
11/1/1983 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Clothing and Footwear in Ireland tracks changes in the prices of apparel, accessories, and footwear purchased by Irish consumers. It is a key economic indicator for monitoring inflation and consumer spending.
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 Clothing and Footwear CPI is a subcomponent of the broader Consumer Price Index, which measures the overall change in prices for a basket of consumer goods and services. It provides insights into inflationary pressures and consumer purchasing power within the apparel and footwear sector.
Methodology
The data is collected through regular price surveys of a representative sample of retail outlets.
Historical Context
Policymakers and analysts use this indicator to assess consumer demand, inform monetary policy decisions, and evaluate the impact of external factors on the Irish economy.
Key Facts
- The Clothing and Footwear CPI is a subcomponent of the broader Irish CPI.
- Clothing and footwear account for approximately 5% of the total Irish consumer expenditure basket.
- The CPI data is published monthly by the Central Statistics Office of Ireland.
FAQs
Q: What does this economic trend measure?
A: The Clothing and Footwear CPI measures the change in prices for a representative basket of apparel, accessories, and footwear purchased by Irish consumers.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into inflationary pressures and consumer spending patterns within the apparel and footwear sector, which is an important component of the overall Irish economy.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys of a representative sample of retail outlets in Ireland.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess consumer demand, inform monetary policy decisions, and evaluate the impact of external factors on the Irish economy.
Q: Are there update delays or limitations?
A: The Clothing and Footwear CPI data is published monthly by the Central Statistics Office of Ireland, with a typical release lag of around two weeks.
Related Trends
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Ireland
IRLPRMNTO01IXOBM
Balance of Payments: Capital Transfers: Balance (Revenue Minus Expenditure) for Ireland
IRLB6CATT02CXCUQ
Total Credit to Households and NPISHs, Adjusted for Breaks, for Ireland
QIEHAMUSDA
Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing: Total for Ireland
IRLCP040100GPQ
Harmonized Index of Consumer Prices: Furniture and Furnishings for Ireland
CP0511IEM086NEST
Infra-Annual Labor Statistics: Inactivity Rate Total: 15 Years or over for Ireland
LRINTTTTIEA156N
Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Ireland (IRLCP030000GYM), retrieved from FRED.