Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Ireland
IRLCPHP0100GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.30
Year-over-Year Change
13.79%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Ireland measures changes in the prices paid by consumers for this category of goods and services. It is a key indicator of 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 Food and Non-Alcoholic Beverages in Ireland is a subcomponent of the broader Consumer Price Index, which tracks price changes across a basket of consumer goods and services. This metric is closely watched by policymakers, economists, and analysts to assess the state of the Irish economy.
Methodology
The data is collected by Ireland's Central Statistics Office through surveys of retail prices.
Historical Context
The CPI for Food and Non-Alcoholic Beverages is used to inform monetary and fiscal policy decisions, as well as to adjust government program payments and private contracts.
Key Facts
- Ireland's CPI for Food and Non-Alcoholic Beverages has a base year of 1999.
- This index is released monthly by Ireland's Central Statistics Office.
- Food and Non-Alcoholic Beverages account for about 15% of the overall Irish CPI basket.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Ireland measures changes in the prices paid by consumers for this category of goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by policymakers, economists, and analysts to assess inflationary pressures and consumer purchasing power in the Irish economy.
Q: How is this data collected or calculated?
A: The data is collected by Ireland's Central Statistics Office through surveys of retail prices.
Q: How is this trend used in economic policy?
A: The CPI for Food and Non-Alcoholic Beverages is used to inform monetary and fiscal policy decisions, as well as to adjust government program payments and private contracts.
Q: Are there update delays or limitations?
A: This index is released monthly by Ireland's Central Statistics Office with no major update delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Ireland (IRLCPHP0100GYM), retrieved from FRED.