Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Ireland
IRLCP010000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.37
Year-over-Year Change
22.56%
Date Range
2/1/1956 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Ireland measures the changes in prices paid by consumers for these items. This key economic indicator is closely monitored 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 CPI for Food and Non-Alcoholic Beverages in Ireland is a subcomponent of the overall Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. This specific index provides insights into price movements within the food and non-alcoholic beverage sector, an important component of household expenditure.
Methodology
The data is collected through regular surveys of retail prices by the Central Statistics Office of Ireland.
Historical Context
This index is widely used by the Irish government, the European Central Bank, and other economic institutions to inform monetary and fiscal policy decisions.
Key Facts
- The base year for the index is 2015.
- Food and non-alcoholic beverages account for about 15% of the Irish consumer price index basket.
- The index is released monthly by the Central Statistics Office of Ireland.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Ireland measures the changes in prices paid by consumers for these items.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflationary pressures within the food and non-alcoholic beverage sector, which is a significant component of household expenditure.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retail prices by the Central Statistics Office of Ireland.
Q: How is this trend used in economic policy?
A: This index is widely used by the Irish government, the European Central Bank, and other economic institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is released monthly by the Central Statistics Office of Ireland with no significant update delays.
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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 (IRLCP010000GYM), retrieved from FRED.