Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Ireland
IRLCP060000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.72
Year-over-Year Change
2.69%
Date Range
11/1/1982 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Health in Ireland measures the change in prices for healthcare goods and services, providing insight into inflationary pressures and consumer purchasing power.
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 Health in Ireland is a key economic indicator that tracks the prices of medical care, pharmaceuticals, hospital services, and other healthcare-related expenditures. It is an important metric for monitoring the cost of living and assessing the impacts of policy decisions on household budgets.
Methodology
The Irish Central Statistics Office collects price data from a sample of healthcare providers and retailers to calculate the monthly CPI for Health.
Historical Context
Policymakers and analysts use this trend to assess the affordability of healthcare and inform decisions on public spending, taxation, and social welfare programs.
Key Facts
- The CPI for Health in Ireland has a base year of 2015.
- Healthcare accounts for approximately 5% of the total CPI basket in Ireland.
- Prices for healthcare goods and services have increased by an average of 2.5% annually in Ireland over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Health in Ireland measures the change in prices for a basket of healthcare goods and services, including medical care, pharmaceuticals, and hospital services.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Health is an important indicator of inflationary pressures and the affordability of healthcare for Irish consumers, making it a key metric for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The Irish Central Statistics Office collects price data from a sample of healthcare providers and retailers to calculate the monthly CPI for Health.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the CPI for Health to assess the cost of living, inform decisions on public spending and social welfare programs, and evaluate the impacts of healthcare policies on household budgets.
Q: Are there update delays or limitations?
A: The CPI for Health in Ireland is published monthly with a lag of approximately two weeks, providing timely data for analysis and decision-making.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Ireland (IRLCP060000IXOBM), retrieved from FRED.