Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing for Ireland
IRLCPGRHO01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.06
Year-over-Year Change
-56.15%
Date Range
2/1/1956 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Housing in Ireland measures changes in the prices paid by consumers for housing-related goods and services. This key economic indicator provides insights into inflationary pressures and the cost of living for Irish households.
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 Housing in Ireland is a subcomponent of the overall Consumer Price Index, which tracks the weighted average change in prices for a basket of consumer goods and services. The Housing CPI specifically focuses on measuring price changes for items like rents, utilities, and household maintenance.
Methodology
The data is collected through surveys of Irish consumers and businesses by the Central Statistics Office.
Historical Context
The Housing CPI is used by policymakers, economists, and market analysts to assess trends in the cost of living and inflationary pressures within the Irish economy.
Key Facts
- The Housing CPI accounts for approximately 25% of the overall Irish CPI basket.
- Ireland's Housing CPI reached a record high in 2022 amid rising rents and utility costs.
- Changes in the Housing CPI are closely watched by the European Central Bank for monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Housing in Ireland measures the change in prices paid by consumers for housing-related goods and services, including rents, utilities, and household maintenance.
Q: Why is this trend relevant for users or analysts?
A: The Housing CPI is a key indicator of inflationary pressures and the cost of living for Irish households, providing important insights for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Irish consumers and businesses by the Central Statistics Office.
Q: How is this trend used in economic policy?
A: Changes in the Housing CPI are closely monitored by the European Central Bank as part of their assessment of overall inflationary conditions, which informs monetary policy decisions.
Q: Are there update delays or limitations?
A: The Housing CPI data is published monthly by the Central Statistics Office, with a typical lag of 2-3 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing for Ireland (IRLCPGRHO01GYM), retrieved from FRED.