Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Ireland
IRLCP040000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
162.40
Year-over-Year Change
4.44%
Date Range
11/1/1982 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas and Other Fuels in Ireland measures changes in the prices of these essential household expenses over time. This index is a key indicator of inflation and cost-of-living pressures facing Irish consumers.
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 Housing, Water, Electricity, Gas and Other Fuels index tracks the prices of a representative basket of these household goods and services in Ireland. It is a subcomponent of the overall CPI, which is a widely used metric for assessing the general price level and purchasing power in the Irish economy.
Methodology
This index is calculated based on price surveys conducted by the Irish Central Statistics Office.
Historical Context
Policymakers and economists closely monitor this CPI component to understand household budget pressures and inform decisions on fiscal, monetary, and social policies.
Key Facts
- Ireland's CPI Housing, Water, Electricity, Gas and Other Fuels index has a base year of 2015.
- This index accounts for over 23% of the total Irish CPI basket.
- Prices in this category rose by 8.4% year-over-year as of the latest data.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas and Other Fuels measures changes in the prices of these essential household expenses in Ireland.
Q: Why is this trend relevant for users or analysts?
A: This CPI component is a key indicator of inflation and cost-of-living pressures facing Irish consumers, making it highly relevant for policymakers, economists, and households.
Q: How is this data collected or calculated?
A: The Irish Central Statistics Office collects price data through surveys to calculate this CPI index.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this CPI component to understand household budget pressures and inform decisions on fiscal, monetary, and social policies in Ireland.
Q: Are there update delays or limitations?
A: This CPI data is published monthly by the Irish Central Statistics Office with a short lag.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Ireland (IRLCP040000IXNBM), retrieved from FRED.