Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Ireland
IRLCP100000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.37
Year-over-Year Change
2.30%
Date Range
11/1/1982 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Education in Ireland measures changes in the prices paid by consumers for educational goods and services. This indicator provides insight into inflationary pressures and changes in the cost of living.
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 Education in Ireland is a component of the overall Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. The Education CPI is used to analyze trends in the cost of education and inform policy decisions.
Methodology
The data is collected through monthly surveys of prices paid by Irish consumers for various educational items and services.
Historical Context
The Education CPI is an important economic indicator for policymakers, educators, and households in Ireland.
Key Facts
- The base year for the Irish Education CPI is 2015.
- Education accounts for approximately 3% of the overall Irish CPI basket.
- The Education CPI has risen by 12% in Ireland over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Education in Ireland measures changes in the prices paid by consumers for educational goods and services, such as tuition fees, textbooks, and other school-related expenses.
Q: Why is this trend relevant for users or analysts?
A: The Education CPI is an important indicator for analyzing inflationary pressures and changes in the cost of living, particularly for households with school-age children. It informs policy decisions related to education funding and affordability.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of prices paid by Irish consumers for various educational items and services, and then aggregated into the Education CPI.
Q: How is this trend used in economic policy?
A: The Education CPI is used by policymakers, economists, and education institutions in Ireland to assess changes in the cost of education and inform decisions on education funding, student support, and policies to improve educational access and affordability.
Q: Are there update delays or limitations?
A: The Education CPI data for Ireland is published monthly, with a typical lag of 2-3 weeks. There may be some limitations in capturing the full range of educational expenses due to the sampling methodology.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Ireland (IRLCP100000IXOBM), retrieved from FRED.