Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Maintenance and Repairs of the Dwellings for Ireland
IRLCPHP0403GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.30
Year-over-Year Change
-62.50%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Maintenance and Repairs of the Dwellings for Ireland tracks changes in the prices of maintenance and repair services for Irish dwellings. This metric is a key indicator of inflationary pressures in the housing sector.
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
This economic indicator measures the cost of maintenance and repair services for residential properties in Ireland. It is part of the broader Harmonized Index of Consumer Prices and provides insights into price dynamics within the housing and utilities component of the consumer basket.
Methodology
The data is collected through surveys of Irish households and businesses that provide maintenance and repair services.
Historical Context
Policymakers and analysts use this index to assess inflationary trends in the housing market and monitor the cost of living for Irish consumers.
Key Facts
- The index has a base year of 2015.
- Prices are measured on a monthly basis.
- The series began in January 1996.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks changes in the prices of maintenance and repair services for residential properties in Ireland, providing insights into inflationary pressures in the housing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important component of the broader Harmonized Index of Consumer Prices and helps policymakers and analysts assess cost-of-living dynamics for Irish consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Irish households and businesses that provide maintenance and repair services.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor inflationary trends in the housing market and understand the cost of living for Irish consumers.
Q: Are there update delays or limitations?
A: The index is published on a monthly basis, with a typical delay of several weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Maintenance and Repairs of the Dwellings for Ireland (IRLCPHP0403GPM), retrieved from FRED.