Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Ireland
IRLCPIALLAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.54
Year-over-Year Change
22.00%
Date Range
1/1/1976 - 1/1/2024
Summary
The Consumer Price Index (CPI) for Ireland measures changes in the prices of consumer goods and services purchased by Irish households. It is a key economic indicator used to track inflation and inform 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 CPI for Ireland tracks a comprehensive basket of consumer goods and services representative of typical Irish household expenditure. It is calculated monthly and used to adjust incomes, social benefits, and other economic variables for the effects of inflation.
Methodology
The Irish CPI is compiled by the Central Statistics Office of Ireland based on a survey of household expenditures.
Historical Context
The CPI is closely monitored by the European Central Bank and Irish policymakers to assess price stability and cost-of-living trends.
Key Facts
- The Irish CPI has a base year of 2015.
- Housing and utilities are the largest component of the Irish CPI basket.
- Annual CPI inflation in Ireland was 8.2% as of September 2022.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Ireland measures changes in the prices of consumer goods and services purchased by Irish households.
Q: Why is this trend relevant for users or analysts?
A: The Irish CPI is a key economic indicator used to track inflation and inform monetary policy decisions in Ireland and the Eurozone.
Q: How is this data collected or calculated?
A: The Irish CPI is compiled by the Central Statistics Office of Ireland based on a survey of household expenditures.
Q: How is this trend used in economic policy?
A: The CPI is closely monitored by the European Central Bank and Irish policymakers to assess price stability and cost-of-living trends.
Q: Are there update delays or limitations?
A: The Irish 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: Total for Ireland (IRLCPIALLAINMEI), retrieved from FRED.