Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Actual Rentals for Housing for Ireland
IRLCPHP0401GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.30
Year-over-Year Change
-1.85%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Actual Rentals for Housing in Ireland measures changes in the cost of renting a home. It is a key indicator for economists and policymakers monitoring inflation and the housing market.
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 Actual Rentals for Housing CPI is a component of the overall Consumer Price Index for Ireland. It tracks the changes in the cost of renting residential properties, providing valuable insights into housing affordability and inflationary pressures in the Irish economy.
Methodology
The index is calculated based on a survey of actual rental prices paid by households.
Historical Context
Rental costs are an important factor for inflation and monetary policy, as well as for understanding housing market dynamics.
Key Facts
- The CPI for Actual Rentals for Housing is a component of the overall Consumer Price Index for Ireland.
- Rental costs are a significant portion of household budgets and an important factor for inflation and monetary policy.
- Tracking changes in rental prices provides insights into housing affordability and the overall cost of living.
FAQs
Q: What does this economic trend measure?
A: The CPI for Actual Rentals for Housing in Ireland measures changes in the cost of renting residential properties.
Q: Why is this trend relevant for users or analysts?
A: Rental costs are a key component of inflation and an important indicator for understanding housing market dynamics and affordability.
Q: How is this data collected or calculated?
A: The index is calculated based on a survey of actual rental prices paid by households.
Q: How is this trend used in economic policy?
A: Rental costs are an important factor for inflation and monetary policy, as well as for understanding housing market conditions.
Q: Are there update delays or limitations?
A: The data is published regularly by the Irish statistical agency, with potential delays or limitations depending on the survey collection process.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Actual Rentals for Housing for Ireland (IRLCPHP0401GYM), retrieved from FRED.