Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Goods for Ireland
Monthly
IRLCPGRGO01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.25
Year-over-Year Change
0.10%
Date Range
11/1/1996 - 4/1/2025
Summary
The 'Monthly' series measures the average cost of consumer goods and services in the US, a key indicator of inflation and purchasing power.
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 'Monthly' economic indicator tracks changes in the prices of a representative basket of consumer goods and services. It is a widely followed metric for monitoring inflation and cost-of-living trends.
Methodology
The data is collected through surveys of prices paid by urban consumers.
Historical Context
The 'Monthly' trend is used by policymakers, economists, and investors to assess economic conditions and inform monetary and fiscal policy decisions.
Key Facts
- The 'Monthly' series has been published since 1913.
- It covers around 80,000 consumer items across 200 categories.
- The index is a widely tracked indicator of US economic health.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly' series measures changes in the prices of consumer goods and services, providing a comprehensive indicator of inflation in the US economy.
Q: Why is this trend relevant for users or analysts?
A: The 'Monthly' trend is a crucial metric for assessing the purchasing power of consumers, informing monetary policy, and understanding broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by urban consumers for a representative basket of goods and services.
Q: How is this trend used in economic policy?
A: The 'Monthly' inflation data is closely monitored by the Federal Reserve and other policymakers to inform decisions on interest rates, monetary policy, and measures to manage cost-of-living pressures.
Q: Are there update delays or limitations?
A: The 'Monthly' series is published with a short lag, typically within a few weeks of the end of each month, providing timely information on price trends.
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Citation
U.S. Federal Reserve, Monthly (IRLCPGRGO01IXOBM), retrieved from FRED.