Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Ireland
IRLCP080000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.04
Year-over-Year Change
41.63%
Date Range
1/1/2010 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Communication in Ireland measures the price changes of communication goods and services. This data is a key indicator of inflation and cost-of-living trends in the Irish economy.
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 Communication CPI for Ireland tracks the prices paid by consumers for a basket of communication-related items, including telephone and internet services, equipment, and other communication products. This metric is used by policymakers, economists, and analysts to assess inflationary pressures and consumer purchasing power.
Methodology
The data is collected through a nationwide survey of prices paid by Irish households.
Historical Context
The Communication CPI is an important input for the formulation of monetary and fiscal policies in Ireland.
Key Facts
- The base year for the Communication CPI in Ireland is 2015.
- Communication accounts for approximately 3.5% of the total Irish Consumer Price Index basket.
- The Communication CPI has risen by 8.2% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Communication CPI for Ireland measures the price changes of a basket of communication goods and services, including telephone, internet, and other communication-related products purchased by Irish consumers.
Q: Why is this trend relevant for users or analysts?
A: The Communication CPI is an important indicator of inflationary pressures and consumer purchasing power in the Irish economy, which is relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of prices paid by Irish households for communication-related goods and services.
Q: How is this trend used in economic policy?
A: The Communication CPI is used by the Irish government and central bank to help formulate monetary and fiscal policies aimed at managing inflation and supporting consumer purchasing power.
Q: Are there update delays or limitations?
A: The Communication CPI for Ireland is published monthly with a typical delay of 2-3 weeks. There are no significant known limitations to the data.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Ireland (IRLCP080000CTGYM), retrieved from FRED.