Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Ireland
IRLCP120000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.45
Year-over-Year Change
-413.31%
Date Range
1/1/1984 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Miscellaneous Goods and Services in Ireland measures changes in the prices paid by consumers for a broad category of non-essential products and services. This metric provides valuable insights into inflationary pressures and consumer spending patterns.
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 Miscellaneous Goods and Services CPI in Ireland tracks the prices of a diverse basket of items not covered in other CPI components, such as personal care products, household services, and financial services. This index is a key indicator used by economists and policymakers to understand overall price dynamics and inform monetary and fiscal policy decisions.
Methodology
The Irish Central Statistics Office collects price data from a representative sample of retailers to calculate the Miscellaneous Goods and Services CPI.
Historical Context
Changes in the Miscellaneous Goods and Services CPI are closely monitored by the European Central Bank and Irish government to assess the state of the economy and inflationary trends.
Key Facts
- The Miscellaneous Goods and Services CPI accounts for about 13% of the total Irish CPI basket.
- This CPI component has shown relatively stable growth in recent years compared to more volatile categories like transportation or energy.
- Monitoring the Miscellaneous Goods and Services CPI helps identify shifts in consumer behavior and broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: The Miscellaneous Goods and Services CPI for Ireland tracks changes in the prices paid by consumers for a wide range of non-essential products and services, such as personal care items, household services, and financial services.
Q: Why is this trend relevant for users or analysts?
A: This CPI component provides valuable insights into overall inflationary pressures and consumer spending patterns in Ireland, which are closely monitored by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The Irish Central Statistics Office collects price data from a representative sample of retailers to calculate the Miscellaneous Goods and Services CPI.
Q: How is this trend used in economic policy?
A: Changes in the Miscellaneous Goods and Services CPI are closely tracked by the European Central Bank and Irish government to assess the state of the economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Miscellaneous Goods and Services CPI for Ireland is published monthly with a relatively short lag, providing timely data for analysts and policymakers.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Ireland (IRLCP120000GYQ), retrieved from FRED.