Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Ireland
IRLCP090000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.18
Year-over-Year Change
4.22%
Date Range
11/1/1982 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Recreation and Culture in Ireland measures changes in the prices of recreational goods and services. This key economic indicator provides insights into consumer spending and inflationary pressures.
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 Recreation and Culture in Ireland is a subcomponent of the overall Consumer Price Index, which tracks changes in the cost of a basket of consumer goods and services. This sector-specific index is used by economists and policymakers to assess trends in household spending and inflationary dynamics.
Methodology
The data is collected through regular price surveys of a representative sample of goods and services.
Historical Context
The CPI for Recreation and Culture is a valuable input for monetary and fiscal policy decisions.
Key Facts
- The base year for the index is 2015 = 100.
- The index covers a wide range of recreational goods and services, including sports equipment, cultural activities, and entertainment.
- Trends in this index are closely monitored by the Central Bank of Ireland and other economic policymakers.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Recreation and Culture in Ireland measures changes in the prices of recreational goods and services, providing insights into consumer spending patterns and inflationary pressures.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Recreation and Culture is a key indicator of consumer spending and inflationary dynamics, which are important inputs for economic policymaking and market analysis.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys of a representative sample of recreational goods and services.
Q: How is this trend used in economic policy?
A: The CPI for Recreation and Culture is used by the Central Bank of Ireland and other policymakers to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The CPI for Recreation and Culture is published monthly, with a typical release lag of two to three weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Ireland (IRLCP090000IXOBM), retrieved from FRED.