Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Ireland
Quarterly
IRLCP110000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.03
Year-over-Year Change
19.01%
Date Range
1/1/1983 - 7/1/2023
Summary
The Quarterly trend measures the inflation rate in the United States on a quarterly basis. It is a key indicator used by economists and policymakers to assess price stability and guide monetary 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 Quarterly trend is an economic indicator that tracks the rate of change in the general price level of goods and services in the U.S. economy over a three-month period. It is a widely followed metric that provides insights into the overall direction and pace of inflation.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on the Consumer Price Index (CPI).
Historical Context
The Quarterly trend is closely monitored by the Federal Reserve and other policymakers to help inform decisions on interest rates and other monetary policy tools.
Key Facts
- The Quarterly trend is measured on a 0-100 scale, with 100 representing the base period.
- Quarterly inflation has averaged around 2.3% in the U.S. over the past decade.
- The Federal Reserve aims to maintain a 2% annual inflation target.
FAQs
Q: What does this economic trend measure?
A: The Quarterly trend measures the rate of change in the general price level of goods and services in the U.S. economy over a three-month period.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly trend is a key indicator used by economists and policymakers to assess price stability and guide monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on the Consumer Price Index (CPI).
Q: How is this trend used in economic policy?
A: The Quarterly trend is closely monitored by the Federal Reserve and other policymakers to help inform decisions on interest rates and other monetary policy tools.
Q: Are there update delays or limitations?
A: The Quarterly trend data is published with a relatively short delay, typically within a month after the end of the quarter.
Related Trends
Number of Identified Exporters to Ireland from Kentucky
KYIRLA475SCEN
Harmonized Index of Consumer Prices: Education for Ireland
CP1000IEM086NEST
Business Tendency Surveys (Manufacturing): Confidence Indicators: Composite Indicators: National Indicator for Ireland
BSCICP02IEM460S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Maintenance and Repair of the Dwelling for Ireland
IRLCPHP0403GYM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Ireland
IRLCP090000CTGYM
Stock Market Total Value Traded to GDP for Ireland
DDDM02IEA156NWDB
Citation
U.S. Federal Reserve, Quarterly (IRLCP110000IXNBQ), retrieved from FRED.