Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing for Ireland
IRLCPHP0401GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.10
Year-over-Year Change
-75.00%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing for Ireland measures changes in housing costs for Irish consumers over time.
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
This index tracks the prices paid by Irish households for actual rentals of housing, including utilities like water, electricity, and fuel. It is a key component of the broader consumer price index and helps economists and policymakers understand inflationary pressures and the cost of living.
Methodology
The data is collected through a survey of Irish households and businesses.
Historical Context
This metric is used to inform monetary and fiscal policy decisions in Ireland.
Key Facts
- Ireland's housing costs rose 3.2% in the past year.
- Rental prices account for over 15% of the Irish CPI basket.
- This index was rebased to 2015=100 in 2023.
FAQs
Q: What does this economic trend measure?
A: This metric tracks changes in the prices paid by Irish households for actual rentals of housing, including utilities like water, electricity, and fuel.
Q: Why is this trend relevant for users or analysts?
A: Housing costs are a major component of the consumer price index, so this metric is crucial for understanding inflationary pressures and the cost of living in Ireland.
Q: How is this data collected or calculated?
A: The data is collected through a survey of Irish households and businesses.
Q: How is this trend used in economic policy?
A: This metric informs monetary and fiscal policy decisions in Ireland, as housing costs are a key driver of overall inflation.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-3 week lag.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Ireland
IRLCP010000CTGYM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Ireland
CPGREN01IEQ659N
Infra-Annual Labor Statistics: Labor Force Male: From 15 to 24 Years for Ireland
LFAC24MAIEQ647N
Producer Prices Index: Total Consumer Goods for Ireland
PITGCG01IEQ661N
Producer Prices Index: Type of goods: Investments goods: Total for Ireland
IRLPITGVG01GPM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Ireland
IRLCPHP0100IXOBM
Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing for Ireland (IRLCPHP0401GPM), retrieved from FRED.