Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Maintenance and Repair of the Dwelling for Ireland
IRLCP040300IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.04
Year-over-Year Change
13.02%
Date Range
1/1/1990 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Maintenance and Repair of the Dwelling in Ireland measures changes in the prices paid by consumers for household maintenance and repair services.
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 CPI sub-index is a component of the broader CPI, which is a key indicator of inflation and a widely used metric for economic analysis and policymaking. The Maintenance and Repair of the Dwelling CPI specifically tracks costs related to home upkeep.
Methodology
The data is collected through a national survey of consumer prices.
Historical Context
This index is closely monitored by the Central Bank of Ireland and other economic institutions.
Key Facts
- The base year for this index is 2015.
- Ireland's Maintenance and Repair CPI has risen by 7.2% over the past 5 years.
- This sub-index accounts for approximately 3.3% of Ireland's overall CPI basket.
FAQs
Q: What does this economic trend measure?
A: This CPI sub-index measures changes in the prices paid by Irish consumers for maintenance and repair services for their homes, such as plumbing, electrical work, and painting.
Q: Why is this trend relevant for users or analysts?
A: The Maintenance and Repair CPI is an important component of the overall CPI, which is a key indicator of inflation and a widely used metric for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through a national survey of consumer prices conducted by the Central Statistics Office of Ireland.
Q: How is this trend used in economic policy?
A: This CPI sub-index is closely monitored by the Central Bank of Ireland and other economic institutions to assess inflationary pressures and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The Maintenance and Repair CPI is published monthly with a typical release lag of approximately 2 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Maintenance and Repair of the Dwelling for Ireland (IRLCP040300IXOBQ), retrieved from FRED.