Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Ireland
IRLCP080000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92.99
Year-over-Year Change
1.47%
Date Range
11/1/1982 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Communication in Ireland measures the change in prices for communication-related goods and services, providing insights into inflationary trends in this crucial economic sector.
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 Communication CPI for Ireland is a key component of the broader Consumer Price Index, which tracks the weighted average change in prices for a basket of consumer goods and services. This subindex focuses specifically on the costs associated with telecommunication, internet, and postal services, offering valuable data for policymakers and analysts.
Methodology
The data is collected by Ireland's Central Statistics Office through surveys of consumer purchases and transactions.
Historical Context
The Communication CPI is used by the European Central Bank and Irish government to monitor inflation and guide economic policy decisions.
Key Facts
- The Communication CPI has a base year of 1999.
- Telecommunication services account for the largest share of the Communication CPI basket.
- The Communication CPI is published monthly by Ireland's Central Statistics Office.
FAQs
Q: What does this economic trend measure?
A: The Communication CPI for Ireland measures the change in prices for telecommunication, internet, and postal services, providing insights into inflationary pressures in this sector.
Q: Why is this trend relevant for users or analysts?
A: The Communication CPI is a crucial indicator for understanding the broader consumer price landscape and can inform policy decisions related to the telecommunications industry and consumer spending.
Q: How is this data collected or calculated?
A: The data is collected by Ireland's Central Statistics Office through surveys of consumer purchases and transactions.
Q: How is this trend used in economic policy?
A: The Communication CPI is used by the European Central Bank and Irish government to monitor inflation and guide economic policy decisions, particularly in the telecommunications and consumer sectors.
Q: Are there update delays or limitations?
A: The Communication CPI is published monthly by Ireland's Central Statistics Office, with a typical release lag of several weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Ireland (IRLCP080000IXOBM), retrieved from FRED.