Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing for Ireland
IRLCPGRHO01IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
167.54
Year-over-Year Change
33.44%
Date Range
1/1/1990 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Housing measures price changes for a basket of goods and services related to housing in Ireland. As a key indicator of inflation, this trend provides insight into cost-of-living pressures faced by consumers.
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 Housing is a component of the broader Consumer Price Index, which tracks changes in the prices paid by consumers for a representative basket of goods and services. The Housing index specifically focuses on costs associated with shelter, utilities, furnishings, and household operations.
Methodology
The data is collected through regular surveys of consumer expenditures and prices by Ireland's Central Statistics Office.
Historical Context
Policymakers and analysts use the CPI for Housing to assess inflationary pressures and make informed decisions about monetary and fiscal policies.
Key Facts
- The CPI for Housing accounts for about 24% of the overall Irish CPI basket.
- Housing costs have risen by an average of 2.5% annually over the past decade in Ireland.
- Shelter and utility costs make up the largest components of the Housing CPI.
FAQs
Q: What does this economic trend measure?
A: The CPI for Housing measures changes in the prices paid by Irish consumers for a basket of goods and services related to housing, including shelter, utilities, furnishings, and household operations.
Q: Why is this trend relevant for users or analysts?
A: As a key component of the broader Consumer Price Index, the CPI for Housing provides important insights into inflationary pressures and the cost of living faced by Irish consumers, which is crucial information for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of consumer expenditures and prices by Ireland's Central Statistics Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the CPI for Housing to assess inflationary pressures and make informed decisions about monetary and fiscal policies that impact the cost of living for Irish consumers.
Q: Are there update delays or limitations?
A: The CPI for Housing data is published monthly by the Central Statistics Office, with a typical release lag of around two weeks.
Related Trends
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IRLGDPDEFQISMEI
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Total Credit to Non-Financial Sector, Adjusted for Breaks, for Ireland
QIECAMXDCA
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IRLPRINTO01GYSAM
Business Tendency Surveys: Demand Evolution: Economic Activity: Services: Tendency for Ireland
BVDETE02IEM460S
Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing for Ireland (IRLCPGRHO01IXOBQ), retrieved from FRED.