Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Ireland
IRLCPHP0300GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.90
Year-over-Year Change
-71.64%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Clothing and Footwear in Ireland measures changes in the retail prices of a representative basket of apparel and footwear items. It is a key indicator of inflationary pressures in the consumer market.
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 Clothing and Footwear CPI is part of the Harmonized Index of Consumer Prices (HICP), a comprehensive measure of inflation used across the European Union. It tracks price changes for a wide range of consumer goods and services to assess the overall cost of living for households.
Methodology
The data is collected through regular surveys of retail prices in Ireland.
Historical Context
Policymakers and analysts use the CPI to guide monetary policy and evaluate the impact of economic conditions on consumer purchasing power.
Key Facts
- The CPI for Clothing and Footwear accounts for approximately 5% of the total Irish consumer price index.
- Prices of clothing and footwear are typically more volatile than the overall CPI due to seasonal factors and changing fashions.
- Ireland's Clothing and Footwear CPI has remained relatively stable in recent years, reflecting moderate inflationary pressures in this consumer sector.
FAQs
Q: What does this economic trend measure?
A: The Clothing and Footwear CPI for Ireland measures changes in the retail prices of a basket of apparel and footwear items purchased by consumers.
Q: Why is this trend relevant for users or analysts?
A: The Clothing and Footwear CPI is an important component of the overall consumer price index, providing insight into inflationary pressures and changes in consumer purchasing power.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retail prices for a representative basket of clothing and footwear items in Ireland.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Clothing and Footwear CPI, along with other inflation measures, to guide monetary policy decisions and evaluate the overall cost of living for households.
Q: Are there update delays or limitations?
A: The Clothing and Footwear CPI data for Ireland is typically published on a monthly basis with a short delay, providing timely information on inflationary trends in this consumer sector.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Ireland (IRLCPHP0300GYM), retrieved from FRED.