Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Water Supply and Miscellaneous Services Relating to the Dwelling for Ireland
IRLCP040400GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.67
Year-over-Year Change
137.42%
Date Range
1/1/2004 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Water Supply and Miscellaneous Services Relating to the Dwelling in Ireland measures the change in prices for these essential household services over time. It is a key economic indicator used to track inflation and guide policy decisions.
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 Water Supply and Miscellaneous Services in Ireland is a subcomponent of the broader Consumer Price Index, which measures the average change in prices paid by consumers for a basket of goods and services. This specific index provides insights into price trends for water, waste management, and other dwelling-related services, which are important for understanding household expenditures and the overall cost of living.
Methodology
The Irish Central Statistics Office collects price data from a sample of retailers and service providers to calculate this index.
Historical Context
Policymakers and economists closely monitor CPI trends to assess inflationary pressures and make informed decisions about monetary and fiscal policies.
Key Facts
- Ireland's CPI for Water and Dwelling Services has increased by 9.2% over the past year.
- This index accounts for approximately 2.5% of the total Irish Consumer Price Index basket.
- Rising prices for these essential household services can put pressure on consumer budgets.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Water Supply and Miscellaneous Services Relating to the Dwelling in Ireland measures the changes in prices for these essential household services over time.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into inflationary pressures on a key component of household budgets, which is important for understanding the overall cost of living and guiding economic policy decisions.
Q: How is this data collected or calculated?
A: The Irish Central Statistics Office collects price data from a sample of retailers and service providers to calculate this index.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor CPI trends, including this index, to assess inflationary pressures and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The CPI for Water Supply and Miscellaneous Services is published monthly by the Irish Central Statistics Office, with a typical data release lag of around two weeks.
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IRLFCAKNUM
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Water Supply and Miscellaneous Services Relating to the Dwelling for Ireland (IRLCP040400GYQ), retrieved from FRED.