Consumer Price Index: Housing for Ireland
IRLCPIHOUMINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.21
Year-over-Year Change
4.72%
Date Range
5/1/1959 - 5/1/2018
Summary
The Consumer Price Index (CPI) for Housing in Ireland measures changes in the prices of housing-related goods and services. It is a key indicator of inflationary pressures in the Irish economy.
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 tracks the costs associated with housing, including rents, utilities, maintenance, and other housing-related expenditures. It is a crucial metric for assessing the overall cost of living and informing economic policymaking.
Methodology
The data is collected through a nationwide survey of consumer prices by the Central Statistics Office of Ireland.
Historical Context
The CPI for Housing is used by the Central Bank of Ireland and other policymakers to gauge inflationary trends and make informed decisions about monetary policy.
Key Facts
- The CPI for Housing accounts for around 24% of the total CPI basket in Ireland.
- Housing costs have been a significant driver of inflation in Ireland in recent years.
- The CPI for Housing is a monthly indicator published by the Central Statistics Office of Ireland.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Housing in Ireland measures changes in the prices of housing-related goods and services, including rents, utilities, and maintenance costs.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Housing is a crucial indicator of inflationary pressures in the Irish economy, as housing-related costs make up a significant portion of household expenditures.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices by the Central Statistics Office of Ireland.
Q: How is this trend used in economic policy?
A: The CPI for Housing is used by the Central Bank of Ireland and other policymakers to gauge inflationary trends and make informed decisions about monetary policy.
Q: Are there update delays or limitations?
A: The CPI for Housing is published monthly by the Central Statistics Office of Ireland, with no significant update delays.
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Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 74 Years for Ireland
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing for Ireland (IRLCPIHOUMINMEI), retrieved from FRED.