Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Actual Rentals for Housing for Ireland
IRLCP040100IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
170.99
Year-over-Year Change
35.48%
Date Range
1/1/1990 - 1/1/2025
Summary
The Consumer Price Index for Actual Rentals for Housing in Ireland tracks changes in the cost of renting a residence, a key component of the overall 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 Actual Rentals for Housing index is part of the broader Consumer Price Index (CPI) and Harmonized Index of Consumer Prices (HICP) for Ireland, which measure the change in prices paid by consumers for a representative basket of goods and services.
Methodology
The data is collected through surveys of rental prices paid by households.
Historical Context
This rental index is used by policymakers and economists to monitor inflation and the cost of living.
Key Facts
- The index has a base year of 2015 = 100.
- Rents account for about 18% of the overall Irish CPI basket.
- Rental costs have risen steadily in Ireland in recent years.
FAQs
Q: What does this economic trend measure?
A: The Actual Rentals for Housing index measures changes in the cost of renting a residence in Ireland, a key component of the overall consumer price index.
Q: Why is this trend relevant for users or analysts?
A: This rental index is an important indicator of housing affordability and overall inflation, used by policymakers and economists to monitor the cost of living.
Q: How is this data collected or calculated?
A: The data is collected through surveys of rental prices paid by households in Ireland.
Q: How is this trend used in economic policy?
A: The rental index is used by the Central Bank of Ireland and other institutions to assess inflationary pressures and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical 1-2 month delay, and may not fully capture some regional variations in rental costs.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Actual Rentals for Housing for Ireland (IRLCP040100IXOBQ), retrieved from FRED.