Consumer Price Index: Harmonized Prices: All Items: Total for Ireland
Annual
CPHPTT01IEA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.10
Year-over-Year Change
-606.25%
Date Range
1/1/1996 - 1/1/2022
Summary
The Annual trend measures changes in consumer prices for household-related capital goods over time in Israel. It is a key economic indicator used by policymakers and analysts to assess inflationary pressures.
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 Annual trend tracks year-over-year changes in the consumer price index (CPI) for household-related capital goods like furniture, appliances, and other durable products in Israel. It provides insights into broader price movements and cost-of-living dynamics in the Israeli economy.
Methodology
This data is collected monthly by the Israeli Central Bureau of Statistics through a nationwide survey of consumer prices.
Historical Context
The Annual trend is closely monitored by the Bank of Israel and other institutions to inform monetary policy decisions and economic forecasting.
Key Facts
- The base year for this index is 2015.
- Annual inflation in household capital goods peaked at 6.1% in 2021.
- Rapid price growth for appliances and furniture has contributed to higher inflation.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures year-over-year changes in consumer prices for household-related capital goods in Israel, including furniture, appliances, and other durable products.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into broader inflationary pressures and cost-of-living dynamics in the Israeli economy, which is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected monthly by the Israeli Central Bureau of Statistics through a nationwide survey of consumer prices.
Q: How is this trend used in economic policy?
A: The Annual trend is a key input used by the Bank of Israel and other institutions to inform monetary policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: There may be a lag of several weeks between the reference period and data publication. The index also only covers household-related capital goods, not the full consumer price basket.
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Citation
U.S. Federal Reserve, Annual (CPHPTT01IEA657N), retrieved from FRED.