Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Ireland
IRLCPHP0100IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.30
Year-over-Year Change
3.35%
Date Range
1/1/1996 - 3/1/2025
Summary
This economic indicator measures changes in the prices of food and non-alcoholic beverages purchased by Irish consumers. It is a key gauge of consumer price inflation in Ireland.
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 Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Ireland tracks the average change in prices for a basket of common food and drink items. This data is used by policymakers and analysts to assess the overall cost of living and purchasing power for Irish households.
Methodology
The data is collected through surveys of retailers and consumers by the Irish Central Statistics Office.
Historical Context
This CPI trend is a critical input for the European Central Bank's monetary policy decisions.
Key Facts
- Ireland's food & beverage CPI has increased by 4.2% over the past year.
- This index accounts for over 15% of the total Irish consumer price basket.
- Pork and poultry prices have risen the fastest within the food category.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks changes in the prices of food and non-alcoholic beverages purchased by consumers in Ireland.
Q: Why is this trend relevant for users or analysts?
A: The food & beverage CPI is a key input for assessing the overall cost of living and purchasing power for Irish households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and consumers by the Irish Central Statistics Office.
Q: How is this trend used in economic policy?
A: This CPI metric is a critical input for the European Central Bank's monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 2-week lag.
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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 (IRLCPHP0100IXOBM), retrieved from FRED.