Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Goods for Ireland
IRLCPGRGO01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.57
Year-over-Year Change
-92.15%
Date Range
1/1/1998 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Goods in Ireland measures the change in prices of consumer goods and services purchased by Irish households. It is a key indicator of inflation and an important tool for economic policymakers.
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 Goods in Ireland is a subcomponent of the overall CPI, which tracks the average change in prices paid by consumers for a basket of goods and services. The Goods CPI specifically focuses on price changes for physical products rather than services.
Methodology
The data is collected through surveys of retailers and consumers by Ireland's Central Statistics Office.
Historical Context
The CPI for Goods is used by the European Central Bank and Irish government to monitor and manage inflation.
Key Facts
- The base year for the Ireland Goods CPI is 2015.
- Goods make up about 60% of the overall Irish CPI basket.
- Ireland's Goods CPI has risen by an average of 2.3% annually since 2010.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Goods in Ireland tracks the average change in prices paid by Irish consumers for physical products, excluding services.
Q: Why is this trend relevant for users or analysts?
A: The Ireland Goods CPI is a crucial indicator of inflationary pressures and consumer purchasing power, informing economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and consumers by Ireland's Central Statistics Office.
Q: How is this trend used in economic policy?
A: The CPI for Goods is used by the European Central Bank and Irish government to monitor and manage inflation.
Q: Are there update delays or limitations?
A: The Ireland Goods CPI is published monthly with a typical 2-week delay.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Goods for Ireland (IRLCPGRGO01GYQ), retrieved from FRED.