Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Ireland
IRLCP010000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.35
Year-over-Year Change
21.79%
Date Range
1/1/2010 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Ireland measures changes in the prices of these essential household items. It is a key indicator of consumer inflation and cost of living.
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 Food and Non-Alcoholic Beverages tracks the prices of food, non-alcoholic drinks, and related items purchased by Irish consumers. It is a subcomponent of the broader Consumer Price Index and provides insight into inflationary pressures in the food market.
Methodology
The data is collected through regular surveys of consumer purchases and prices.
Historical Context
Policymakers and analysts use this index to assess the impact of food costs on household budgets and overall consumer inflation.
Key Facts
- Ireland's CPI for Food and Non-Alcoholic Beverages has a base year of 2015.
- Food and non-alcoholic beverages account for over 15% of the Irish consumer's typical household expenditure.
- The index is published monthly by the Central Statistics Office of Ireland.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of food and non-alcoholic beverages purchased by consumers in Ireland.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Food and Non-Alcoholic Beverages is a key indicator of consumer inflation and the cost of living, providing insight into price pressures in this essential spending category.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of consumer purchases and prices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the impact of food costs on household budgets and overall consumer inflation, informing decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The index is published monthly with no significant update delays, providing timely information on Irish food price trends.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Ireland (IRLCP010000CTGYM), retrieved from FRED.