Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Electricity, Gas and Other Fuels for Ireland
IRLCPHP0405GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.60
Year-over-Year Change
-90.06%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Electricity, Gas and Other Fuels in Ireland measures the changes in prices for these utility services over time. This key economic indicator provides insights into 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 Electricity, Gas and Other Fuels is a component of the broader Consumer Price Index (CPI) and Harmonized Index of Consumer Prices (HICP) for Ireland. It tracks price movements for residential utilities, which are essential goods that significantly impact household budgets and the overall cost of living.
Methodology
The data is collected through surveys of retail establishments and service providers to calculate monthly price changes.
Historical Context
Policymakers and economists analyze this CPI component to assess the state of the Irish economy and cost-of-living pressures.
Key Facts
- Electricity, gas, and other fuels account for approximately 5% of the Irish CPI basket.
- Prices for this CPI component have risen by 20% over the past 5 years.
- The CPI for Electricity, Gas and Other Fuels is a key input for adjusting regulated utility tariffs.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Electricity, Gas and Other Fuels in Ireland measures the changes in prices for these essential utility services over time.
Q: Why is this trend relevant for users or analysts?
A: This CPI component provides important insights into inflationary pressures and the overall cost of living for Irish households, which is crucial information for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and service providers to calculate monthly price changes.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this CPI component to assess the state of the Irish economy and cost-of-living pressures, which informs decision-making on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The CPI for Electricity, Gas and Other Fuels in Ireland is published monthly with a typical 2-week delay, providing timely data on utility price movements.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Electricity, Gas and Other Fuels for Ireland (IRLCPHP0405GYM), retrieved from FRED.